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Changing the risk paradigm – Reducing losses and exploiting opportunities

Related Event

  • 2014 Understanding Risk Forum

Related Topics

  • Behavioral Aspects of Risk
  • Data
  • Economics of Disasters
  • Policy
  • Risk Communication & Perception

Related Regions

  • Global

Event Summary

Organization: ODI

Session Lead

  • Dr. Emily Wilkinson, Research Fellow, Overseas Development Institute (ODI)

Speakers

  • Jolanta Kryspin-Watson, Regional Coordinator for DRM in East Asia Pacific, World Bank Group
  • Nick Haigh, Head of Water & Flood Risk Management Analysis & Evidence Team / Senior Economic Advisor, Defra, UK
  • Salvador Pérez Maldonado, Deputy General Director, Insurance, Pensions and Social Security, Ministry of Finance, Mexico
  • Kamal Kishore, Programme Adviser, Disaster Risk Reduction & Recovery Team, UNDP Bureau for Crisis Prevention and Recovery
  • Dr. Emily Wilkinson, Research Fellow, Climate and Environment Programme, ODI
  • Dr. Swenja Surminski, Senior Research Fellow, Grantham Research Institute, London School of Economics and Political Science

Description

The session explores how risk information has been used to inform public investment to manage disaster risk and considers if the loss-centered focus of DRM could be re-formulated to consider the wider economic benefits and opportunities of DRM. The session focuses on: a) Experiences of using risk data for infrastructure investments and regional planning. Panelists will highlight how risk information informed these decisions, from data demands to the role of policymakers and the cost implications. b) A discussion on the ‘benefits of DRM beyond loss reduction’. Panelists will consider the inclusion of DRM in an overall growth strategy – shifting the narrative away from a focus on losses to promoting action.

Session Resources

  • Ignite Powerpoint
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