Event Summary
Organization: Fondazione Eni Enrico Mattei (FEEM) & Euro-Mediterranean Centre on Climate Change (CMCC)
Session Leads
- Jaroslav Mysiak, FEEM & CMCC
- C. Dionisio Pérez-Blanco, FEEM & CMCC
- Lorenzo Carrera, FEEM & CMCC
Speakers
- David Simmons, Managing Director, Willis Re Analytics
- C. Dionisio Pérez-Blanco, FEEM & CMCC
- Grant Cavanaugh, Portfolio Analyst, Nephila Capital Ltd
- Lorenzo Carrera, Disaster Risk Management Specialist, World Bank
- Tiziano Distefano, Researcher, Polytechnic of Turin
- Laura Bonzanigo, Climate Change Group, World Bank
Description
Large scale natural hazard strikes can amplify macroeconomic imbalances and undermine economic stability and growth. Countries with high government debt are more sensitive to economic shocks that disaster may provoke in absence of adequate financial protection. Marginal changes in GDP growth may derail economies and markets, and hold back the return to pre-crisis growth levels.
This session explored the financial and economic impacts of low-probability/high-impact outcomes of natural hazard risk. The session also examined the importance of accounting and predicting the effects of weather and climate extremes, to inform climate adaptation and disaster risk reduction policies.
Presentations
Managing risk to unlock growth and prosperity – Laura Bonzanigo
How Catastrophe and Financial Modelling Revolutionised the Insurance Industry – David Simmons, Managing Director, Capital, Science and Policy Practice
Coupled mathematical programming and CGE modelling for drought policy assessment – C. D. Pérez-Blanco, FEEM & CMCC
Are we in deep water? Water scarcity and its limits to economic growth – Tiziano Disteranno, Politecnico di Torino
Macroeconomic models for flood risk analysis: impacts and climate adaptation benefits – Lorenzo Carrera, World Bank Group and Fondazione Eni Enrico Mattei, Euro-Mediterranean Centre on Climate Change
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