Event Summary
Organization: World Bank Group & GFDRR
Session Lead
- Daniel Clarke, Senior Insurance Specialist, World Bank Group
Speakers
- Dr. Emmanuel Skoufias, Poverty and Equity Global Practice, The World Bank Group (chair)
- Mr. Ian Branagan, RenaissanceRe Holdings Ltd (discussant)
- Dr. Javier Baez, Poverty and Equity Global Practice, World Bank Group
- Dr. Andrew Mude, Kenya International Livestock Research Institute
- Dr. Catherine Porter, Heriot-Watt University, Edinburgh
- Dr. Eric Strobl, Ecole Polytechnique
Description
Uninsured risks can distort individuals’ choices in suboptimal ways even before they materialize into shocks. Extreme natural events can destroy assets and livelihoods, and can pull the vulnerable into or back into poverty. However, risks and extreme events do not, by themselves, cause poverty. Choices by government, firms, and people made before disasters matter. This panel brought together a range of experts from academia, government, and the private sector to discuss the relationship between extreme natural events and poverty, and whether pre-disaster financial decisions can change this relationship, dulling the impact of disasters on the vulnerable.
Presentations
Risk Poverty – Catherine Porter, Heriot-Watt University, Edinburgh and Emily White, Finance and Markets Department, World Bank Group
Jamaica – Eric Strobl, Aix-Marseille University
Index Based Livestock Insurance Impacts – Andrew Mude, Principal Economist and IBLI Program Leader, International Livestock Research Institute
Shocks & Poverty – Javier E. Baez, Senior Economist Poverty and Equity Global Practice, World Bank Group
Ignite
By Barry Maher, World Bank Group
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