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Displaying 60 of about 452 resultsPress release:
Islamabad - Pakistan is working on to provide disaster risk insurance for its 180 million population which is the biggest ever insurance venture anywhere in the world, said Dr Zafar Qadir, Chairman, National Disaster Management Authority (NDMA) here on Wednesday. This would cover the loss of crops, shelter, livestock as well human lives…
The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries.
The comprehensive programme, open to regional member countries, will enhance their ability to evaluate climate-relate…
By Vikas Wadhera
India is an agricultural powerhouse, ranked second in the world in terms of its level of agricultural output. With 58 percent of the rural population of India reliant on agriculture for their livelihood (and a total figure of 2.2 billion across Asia) plus more than fifty percent of total working population of India employed in the…
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…
London, UK – Relatively orderly price movements at the April 1 Japanese reinsurance renewals reveal that the Tohoku Earthquake is not the catalyst that will bring about a hard market. However, according to Willis Re, the reinsurance broking arm of Willis Group Holdings (NYSE: WSH), the total tally of first quarter devastation including the Japan, Chile…
By Helen Yates
Hurricanes Harvey, Irma and Maria (HIM) tore through the Caribbean and U.S. in 2017, resulting in insured losses over US$80 billion. Twelve years after Hurricanes Katrina, Rita and Wilma (KRW), EXPOSURE asks if the (re)insurance industry was better prepared for its next “terrible trio” and what lessons can be learned.
Accordin…
In Africa, where many countries are exposed to risks of climate-change induced natural disaster, it is imperative to create integrated joint risk management strategies. This is because the economies of many African countries depend upon climate-sensitive sectors, such as agriculture, infrastructure, forestry, and fisheries.
On Wednesday 5 December…
On the basis of a report examining the government's readiness for anticipated climate changes in the coming years, the Ministry of Environmental Protection announced a comprehensive national plan of action for what it called, "adaptation to climate change". According to Globes, the plan would include the adaptation of buildings to weather climate change…
According to the Times of India, twenty-nine villages in Sangamner and Akole taluka in Ahmednagar district have taken up various integrated developmental activities to adapt themselves to climate change. "The programme emphasises innovative and people-centred strategies and action. The activities taken up include downscaling of assessment of climate cha…
According to the Bangkok Post, 3D simulations will play an increasing role in design and construction to prevent future crises and will allow industrial and business operators to see visible proof of what could happen to potential customers and suppliers, and also reduce their disaster insurance costs. The government invested in a warning system for nat…
"Rebuilding tourism is not just putting more effort into marketing and strategy, but also into prevention and rehabilitation," said Kongkrit Hiranyakit, president for policy and planning at the Tourism Council of Thailand (TCT), as Thailand's image overseas as a country at high risk of natural disasters will cast a cloud on the Thai hospitality scene th…
While trying to clean-up Bangkok, companies are wondering when the next flood will take place and if they will be ready to address this threat, reports The Guardian. "We are on the frontline of climate change. As we see rising temperatures, more rain and a higher sea level, Bangkok will be very vulnerable. In the talks in Cancun and Durban, they just ta…
Swiss Re News release, Zurich
Natural catastrophes and man-made disasters caused economic losses of USD 350 billion and cost insurers USD 108 billion
- 2011 will be the year with the highest catastrophe-related economic losses in history, at USD 350 billion
- 2011 would have been the costliest year ever for the insurance industry if Japan had been more…
A shortage of hard drive disks in Thailand after the devastating floods that put Bangkok under water in October has started to show up as heavy costs for some technology companies, reports Forbes. Technology manufacturers may be thinking more aggressively about ways to hedge what insurance providers refer to as 'pure risk,' or risk that in which a loss…
NDMA in collaboration with Climate & Development Knowledge Network (CDKN), LEAD Pakistan organized a National Workshop on Disaster Risk Insurance Framework on 8th February, at Marriot Hotel, Islamabad in order to create synergizes among various stakeholders in the area of disaster risk financing. Disaster Risk Insurance Framework aims…