- Fiona Dercole
- Aaron Sutherland
The costs associated with natural hazard events are increasing. Who is going to pay for the increasing losses in a climate changed world? How can effective insurance mechanisms help to reduce losses, transfer risk appropriately and also ensure speedy recovery? This session will explore the ins and outs of private insurance for flood and earthquake in the region, insurance of public assets and disaster financial assistance. It will further explore innovations and creative solutions within the insurance sector such as parametric insurance and other risk reduction incentives.
Sendai theme: Priority 2: Strengthening disaster risk governance to manage disaster risk, Priority 3: Investing in disaster risk reduction for resilience