Mitigating the Adverse Financial Effects of Natural Hazards on the Economies of Central Asia: At Study of Catastrophe Risk Financing Options
If we know what vulnerabilities our region, country or community faces and what kind of consequences a natural hazard might have within, let’s say, a year or ten, then we might also get a glimpse of the financial impact of not taking action to prevent or mitigate risks.
National coping capacities in many countries are insufficient as measured by the impact of disaster events on the population. Frequently, countries still mainly rely on international interventions to support preparedness and small-scale mitigation actions and to promote disaster risk reduction, risk management and preparedness activities. Local populations are particularly vulnerable to disaster risks and suffer significant economic and human losses due to poor response and preparedness.
A good way to start building long-term political commitment to DRR, is making people aware of issues such as the financial impacts of not increasing prevention and mitigation efforts.
The following link can give a view of important concepts and methodologies.