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Displaying 15 of about 59 resultsBushfires, floods, and storms are a part of the Australian experience. In recent years they have become more common and the impacts, more intense. Moreover, in the future, climate change will mean that extreme events will become more frequent and intense. This presents a challenge to communities that are exposed to natural hazards.
Insurance is key for…
This document describes Zurich's Post-Event Review Capability (PERC) methodology to illustrate how strikingly similar challenges are faced by risk managers regardless of where they operate or the particular hazards they face. The PERC research shows that:
Disaster risk management is playing catch-up to an increasingly larger exposure to na…
This paper discusses the opportunity to build government capacity to make use of various new financing instruments, such as reserve funds, contingent lines of credit, and insurance programs, for post-disaster recovery and reconstruction. By preparing contingency plans, defining responsibilities, adopting appropriate regulations and norms, enha…
This Annual Report highlights the progress and results achieved during FY18. It provides an overview of grant making activities in six regions and across GFDRR’s eight targeted areas of engagement, and a section of Special Features explores various areas of work in greater depth. The report also provides information on the Facility’s financial health. O…
Putting communities impacted by disasters back on their feet as quickly as possible, and in a better state, is just one example of how we make AXA’s purpose a reality. (Re) insurers immediately inject capital into disasters in a structured and coordinated way (through insurance companies and their claims adjusters), complementing federal and local gover…
This reports analyzes the economic recovery of 4,000 households in the Philippines that were badly affected by typhoon Haiyan (Yolanda) in the Philippines and recommends improvements to the role of microfinance in enhancing the financial resilience of such communities.
Microfinance is now an embedded feature of almost all low and middle income countrie…
This paper presents a simple framework to help policy makers devise financial protection strategies against 'natural' disasters. It starts with a short analysis of the impact of disasters on government budgets and fiscal balances. It presents various instruments available to governments interested in improving their response capacity in the aftermath of…
The study presents a series of complementary options for development of a national disaster risk financing strategy, based on a preliminary fiscal risk analysis and a preliminary review of the current budget management of natural disasters in Pakistan. The study draws significantly from international experience of the World Bank, which has provided assi…
This report documents the event of the Kocaeli Earthquake in Turkey in 1999. In addition to providing background information on the event, this report includes the following sections: the earthquake and its geologic effects, building and infrastructure damage, industrial facilities, and insured and economic losses. The report also includes a section on…
This book was produced to mark the end of the International Decade for Natural Disaster Reduction (IDNDR), a United Nations initiative to reduce the negative effects of natural disasters.
This volume communicates solutions to the problems associated with natural disasters, stimulating discussion and improvements in methods of protecting people and prop…
This Guide has been created to provide advice on useful strategies for implementing the Hyogo Framework for Action 2005-2015: Building the Resilience of Nations and Communities to Disasters (HFA). It represents a distillation of the wealth of experience that exists throughout the world on how to manage and reduce disaster risks. The Guide can help state…
This Strategic Framework 2016–20 articulates the way forward in increasing knowledge, capacity building and advocacy, partnerships and investments, as part of a collective struggle toward disaster and climate resilient development in Africa. The Framework describes the plan of the World Bank to bring early warning systems to 100…
This report tallies the successes and failures of the recovery effort after the 2011 Christchurch earthquake in New Zealand, with the aim of improving future preparedness and recovery initiatives. It provides a number of policy recommendations for disaster preparedness and post-disaster response.
Key recommendations include the need for the government…
This paper explains the excess rainfall parametric insurance product of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and Swiss Re Excess Rainfall (XSR), which helps to mitigate the short-term cash flow problems small developing economies suffer after major natural disasters. The product is aimed primarily at extreme high rainfall events of…
Technical paper series no 1:
This paper explains the parametric insurance system of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) in the event of a hurricane or an earthquake. The paper explains the differences between parametric insurance systems and indemnity-based systems, how payments are calculated, and the CCRIB catastrophe model.…