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Displaying 105 of about 452 resultsThe Philippines, which suffered $13 billion of damage when Super Typhoon Haiyan tore through the country in 2013, is looking at defraying the costs of future calamities with catastrophe bonds, reports the Chicago Tribune.
According to the article, the government is in talks with the World Bank on a possible foreign-currency offer of the notes. "Among t…
Tokyo - Relief will be more easily and quickly available, and the economic fallout much more manageable, if governments project and plan fiscally for potential natural disasters and their human and economic toll well in advance, experts say.
The UN Office for Disaster Risk Reduction (UNISDR) has calculated that since 2000, economies have lost as much a…
HONG KONG — China Reinsurance Group (China Re) launched the 'China Earthquake Catastrophe Model v2.0', the country's first proprietary commercial earthquake catastrophe model certified by the Seismological Society of China, at the 3rd China Re Catastrophe Risk and Insurance Summit held here on Thursday, August 22. This was a milestone that will fun…
by Ksenia Stepanova
The National Reconstruction Authority (NRA) of Nepal has concluded a two-week long study trip to New Zealand, where it met with a host of organisations including Wellington City Council, GNS Science, Massey and Canterbury Universities and Regenerate Christchurch. The topics under discussion revolved around natural disaster reco…
23 November 2016, LONDON – The UN Office for Disaster Risk Reduction (UNISDR) welcomes a move by The Economist Intelligence Unit (EIU) to add the threats posed by natural and human-induced hazards to its widely-respected country analyses.
The EIU is the world’s leading provider of country intelligence, with its timely, reliable and impartial research o…
This document reviews the national capacity of Bangladesh in avoiding losses and damages from disasters and discusses various projects undertaken in this regard. The projects are related to cyclone shelters, warning systems, risk transfer and microfinance.
The lessons learned identified in this paper include the following (pp. 16-17):
In order to im…
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…
All of society - the public and the private sector – ends up facing the consequences of disasters. It follows that all of society, the private sector included, has a role to play in reducing disaster risk. Natural hazards need not result automatically in disasters. Simple measures can be taken beforehand to strengthen the resilience of communities, to s…
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According to a PwC report published in May 2022, the insurance protection gap could reach $1.86tn by 2025 and Asia Pacific could account for nearly 50% of all uninsured risks.
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Phoenix CRetro Reinsurance chief executive Kirill Savrassov speaking with Asia Insurance Review said, “While discussing natural disasters, it is important to focus…
1. Background of MFINMicrofinance Institutions Network (MFIN) is the Self-Regulatory Organization (SRO) for Non-Banking Finance Companies (NBFCs) Microfinance Institutions (MFIs) regulated by the Reserve Bank of India (RBI). MFIN currently has a membership of 53 NBFC MFIs which on…
Sitting down with farmers in Bicol early this year, we heard a clear message: "We suffer many losses after disasters; reliable agricultural insurance could be our financial safety net,” they say. In 2023, the region experienced devastating floods and landslides. A few years earlier, Super Typhoon Goni tore through Bicol region, destroying crop…
Senator Loren Legarda and the United Nations Office for Disaster Risk Reduction (UNISDR) are organizing a high level forum on strengthening disaster risk insurance in the Philippines as part of an effective strategy to improve the country's resilience.
"This forum will provide us with fresh insights on the importance of affordable and cost-effective di…
Geneva, 11 January 2012 - Estimates of between $350 billion to $380 billion in global economic losses from disasters have made 2011 the most expensive year in history for catastrophes, according to the insurance industry.
The earthquakes in Japan in March and New Zealand in February accounted for the bulk of these losses, according to estimates issued…
24 June 2011, Bangkok – The Government of the Maldives has fully endorsed the world’s first Strategic National Action Plan (SNAP) that integrates Disaster Risk Reduction (DRR) and Climate Change Adaptation (CCA).
The Disaster Management Centre Maldives has welcomed what is states is a landmark achievement for the country towards preparedness.
SNAP was…
Evidence shows that the frequency and intensity of climate-driven natural disasters and conflicts is increasing. Natural disasters are occurring nearly five times as often compared with 40 years ago, placing a huge burden on local economies and putting millions of people in a vicious cycle of food insecurity, malnutrition and poverty…