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Integrating Natural Disaster Risks & Resilience into the Financial System

Integrating disaster risk and resilience into the financial system provides the structural and proportionate means of saving millions of lives and livelihoods in the coming decades and protecting US$ billions in homes, assets and property in a cost effective and rational way when weighed against competing priorities.

This concept note, produced for consultation and feedback among expert groups and stakeholders as part of the programme of open research, public science and discussion supported by the Willis Research Network (WRN), introduces a relatively simple intervention to deliver significant progress in natural disaster resilience and the protection of basic rights at local and global scales; via public, private and mutual sectors across immediate and longer term time horizons.

Publication Info.

  • Date: Tue 24, Jun 2014
  • Author(s): Rowan Douglas
  • Attachment: Click to View/Download
  • Type: Article
  • Fields: Willis Research Network

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As economic, social and environmental uncertainties increase, institutions and populations seek greater resilience to support sustainable growth. Science and insurance lay at the heart of understanding, managing and sharing these risks, building more secure futures at local and global scales.

The Willis Research Network (WRN) operates across the full spectrum of risk from natural catastrophe, to legal liability, financial and security issues linked across driving themes: Resilience, Security & Sustainable Growth; Managing Extremes; Insurance & Risk Management and Mastering the Modelled World.

All Members and activities are united by a common aim: improving resilience by integrating first class science into operational and financial decision-making across public and private institutions.

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