Within the project "Developing Risk Management Approaches for Climate Risks" the Strategic Partnership between the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and Allianz Reinsurance prepared the ground for introducing flood risk transfer solutions for public assets within an Integrated Disaster Risk Management (IDRM) approach for three municipalities in Ghana. This flyer outlines the essential role of public asset registers for risk assessment activities within this IDRM approach.
Government authorities in urban areas of Ghana currently manage public assets registers according to each municipality. These public asset registers are documents that include critical data that relates to infrastructure assets, which may include educational facilities, health facilities, markets, shops, roads, culverts, and lorry packs. In addition, these registers may also include data that relates to moveable assets such as vehicles, televisions, and laptops. However, the registers often lack certain crucial information. Without this information, it is difficult to develop insurance products for public assets and increase risk management capacities.
Therefore, the project - in close collaboration with the assemblies and responsible authorities - collected data on public infrastructure assets and assessed the relevant historic flood loss damages in order to fill in the gaps in the asset registers. This flyer elaborates on that process and gives clear recommendations on the data points that need to be included in robust asset registers.