Resilient Cities - Bonn 2013 - Banner
Resilient Cities - Bonn 2013 - Banner

C4 - Closing the disaster risk reduction gap: Understanding and reducing risk in cities

Session Description

Facilitator: Butch Bacani, Program Leader, UN Environment's Principles for Sustainable Insurance Initiative, Geneva, Switzerland

Invited Panelists:

  • Robert Muir-Wood, Chief Research Officer, Risk Management Solutions 
  • Lucia Rückner, Senior Corporate Responsibility Consultant, Munich RE Group 
  • Matthias Range, Head, Advancing Climate Risk Insurance Plus, GIZ 
  • Guro Sørnes Kjerschow, Special Advisor Climate Change Adaptation, City of Oslo, Norway 
  • Torben Weiss Garne, Executive Director, Danish Insurance Association (tbc)

Organized in cooperation with UN Environment’s Principles for Sustainable Insurance Initiative (PSI) 

The insurance industry’s core business is to understand, manage and carry risk. The risk management process in insurance spans a continuum of activity: from identifying, assessing, preventing and reducing risk, to pricing, carrying and diversifying risk. As risk managers, insurers help communities understand, prevent and reduce risk through risk research and analytics, catastrophe risk models, and loss prevention. Insurers also advocate proper land-use planning, zoning and building codes, man-made and ecosystem-based disaster risk reduction measures, healthy lifestyles, and disaster preparedness.

This session will cover the following topics:

  • The importance of risk assessment tools, models and analytics and how they could be used by cities;
  • Key findings of research by the insurance industry on how cities, SMEs and communities are addressing climate and disaster risk;
  • Insurance industry partnerships and initiatives with cities that promote climate change adaptation and mitigation, disaster risk reduction, and a culture of prevention.