Developing the elements of a disaster risk financing strategy: Conference outcomes
This report provides an overview of workshop discussions on developing the elements of a disaster risk financing strategy, enhanced by responses received from participating countries to a questionnaire that was circulated in advance of the workshop. The report discusses key considerations for applying OECD guidance recommendations, in three components of a disaster risk financing strategy: 1) risk analysis and the collection of loss data; 2) leveraging the contribution of international reinsurance markets; and 3) managing disaster-related contingent liabilities within public finance frameworks.
In the context of a changing climate and increasing exposure to disaster risks throughout Asia, the Asia Disaster Preparedness Center (ADPC), Asian Development Bank Institute (ADBI) and the Organisation for Economic Cooperation and Development (OECD) agreed to collaborate on the organisation of a workshop and the development of this follow-up report on developing the elements of a disaster risk financing strategy. The workshop, which was held in Bangkok, Thailand on 8-9 May 2018, brought together government officials responsible for disaster risk management, public finances and insurance regulation from 13 countries from across the region, representatives from a number of international organisations and government agencies from outside the region as well as selected private sector representatives with specific knowledge or expertise to share with workshop participants.