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Maldives Government Endorses World’s First Strategic National Action Plan Integrating Disaster Risk Reduction, Climate Change Adaptation

The Government of the Maldives has fully endorsed the world’s first Strategic National Action Plan (SNAP) that integrates Disaster Risk Reduction (DRR) and Climate Change Adaptation (CCA).
24 Jun 2011 Press release

Halfway through 2011, estimated economic losses already USD265 billion – DRR needed more than ever, says UN

So far this year, the economic losses from very severe natural hazards totals some USD265 billion. According to reinsurance giant Munich RE, 2011 is the highest-ever loss year on record, despite the fact the first half of the year has only just been completed.
14 Jul 2011 News briefs

Government auditors talk risk reduction as quake hits

Disaster risk reduction was high on the agenda as government auditors met in Turkey this week to discuss accountability and good practices in the area of disaster-related aid, against the tragic backdrop of Sunday’s 7.2 quake that left over 400 dead and 2,000-plus buildings destroyed.
27 Oct 2011 News briefs

Insurance necessary for resilience in earthquake zones

Turkey’s 23 October quake revealed that only 9 per cent of building owners were insured despite it being mandatory in the country’s municipal areas.
2 Nov 2011 News briefs

UNISDR head meets with private sector in China to discuss disaster risk reduction

The Special Representative of the UN Secretary-General for Disaster Risk Reduction, Margareta Wahlström, is in China today for a first round of consultations on disaster risk reduction with entrepreneurs and business people.
8 Nov 2011 Press release

ASEAN Prioritises Disaster Risk Financing and Insurance

The Association of Southeast Asian Nations (ASEAN), The World Bank, the Global Facility for Disaster Reduction and Recovery (GFDRR), and the United Nations International Strategy for Disaster Reduction (UNISDR) are convening the “ASEAN Disaster Risk Financing and Insurance Forum” to help ASEAN Member States build greater financial resilience to natural disasters.
8 Nov 2011 Press release

Heavy disaster losses for insurance companies in 2011

Estimates of between $350 billion to $380 billion in global economic losses from disasters have made 2011 the most expensive year in history for catastrophes, according to the insurance industry.
11 Jan 2012 News briefs

UN kicks off discussions on new international blueprint for disaster risk reduction

The UN Special Representative for Disaster Risk Reduction, Margareta Wahlström, and HE Yoichi Otabe, the Japanese Ambassador to the International Organizations in Geneva, announced today the start of consultations on a new international blueprint for reducing disaster losses in advance of the World Conference on Disaster Reduction which the Japanese government is proposing to host in 2015.
5 Mar 2012 Press release

Caribbean islands earn hurricane insurance rebate

As the 2012 Atlantic Hurricane Season kicks off, all 16 member governments of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have committed for the sixth year in a row to renew their hurricane and earthquake insurance for 2012-2013 and earned themselves a 25% premium rebate.
15 Jun 2012 News briefs

Private sector plea for resilience at Rio+20

A meeting of 1,000 business executives gathered at Rio+20 heard a passionate plea for resilience from Aris Papadopoulos, CEO of Titan America, a large cement manufacturer, who is also chairman of UNISDR's Private Sector Advisory Group.
19 Jun 2012 News briefs

Rio’s call to action on disaster risk reduction

The largest UN summit ever organized closes today with an urgent worldwide call for accelerated implementation of the international blueprint for disaster risk reduction agreed by all UN member States seven years ago.
22 Jun 2012 News briefs

Unplanned urbanization increasing flood impacts

Following 12 days of rains brought on by seasonal southwest monsoons, there are signs that the chronic floods which have submerged 50 percent of Manila as well as nearby areas are abating.
9 Aug 2012 News briefs

IDDR 2012 - Putting women and girls on the map

On 13 October, the International Day for Disaster Reduction (IDDR) will be an occasion to pay tribute to millions of girls and women around the world who are on the frontline making their communities and societies resilient to the impacts of disasters and the effects of climate change.
5 Oct 2012 News briefs

Thousands to attend Geneva platform on reducing disaster risk

Heads of State, government ministers, parliamentarians, CEOs, scientists and civil society representatives will meet in Geneva in May to discuss a new global framework to reduce disaster risk.
5 Feb 2013 Press release

Launch of European Regional HFA Implementation Report

Disaster Risk Reduction (DRR) challenges are becoming greater every year. It is well known and understood by all disciplines in disaster prevention that previously unidentified threats are emerging, changes in technology are rendering formerly state-of-the-art systems obsolete or less effective, and migration patterns are causing population shifts to increasingly hazard-prone areas. However, despite the goal posts moving constantly, consistent progress is being made in efforts to reduce damage and losses inflicted by disasters on people, their communities and livelihoods. This is one of the findings of the European Regional HFA Implementation Report, launched today during the European Forum for Disaster Risk Reduction (EFDRR) at the Global Platform for Disaster Risk Reduction in Geneva, Switzerland.
20 May 2013 Press release

Global Platform calls for immediate start on developing targets for risk reduction

The three-day 4th Global Platform for Disaster Risk Reduction, attended by a record 3,500 people and representatives from 172 governments, ended today with a call for "the immediate start of work to develop targets and indicators to monitor the reduction of risk" in the Chair's Summary at the closing plenary.
23 May 2013 Press release

Traditional approaches ‘increasingly fail’ insurance industry in time of climate change

Geneva, 1 July 2013 - The insurance industry needs to completely rethink its approach to assessing risk because of more unpredictable extreme weather events, a new report warns.

The stark message from the Geneva Association comes hot on the heels of the recently released UN 2013 Global Assessment Report on Disaster Risk Reduction, which emphasized the importance of defining the right price of risk so that business investment in hazard-prone regions is appropriately secured.

1 Jul 2013 News briefs

Global insurance group boosts DRR partnership

A global insurance company has provided a significant boost to public-private partnerships aimed at reducing disaster risk. The Chairman and CEO of the AXA Group, Mr Henri de Castries, signed a Statement of Commitment by the Private Sector for Disaster Prevention, Resilience and Risk Reduction, at AXA’s head office in Paris, during a meeting with the Chief of the UN Office for Disaster Risk Reduction (UNISDR) Ms Margareta Wahlström. “The AXA Group is already supporting the work of UNISDR’s Private Sector Advisory Group so it makes sense now to become a full member of the Partnership,” said Mr. de Castries, whose AXA Group has 160,000 employees in 57 countries.
9 Dec 2013 News briefs

Typhoon Haiyan losses trigger major new proposal on catastrophe insurance for the Philippines

20 January 2014, GENEVA – The United Nations Office for Disaster Risk Reduction (UNISDR) has teamed up with the global insurance industry to propose a major new approach to catastrophe risk financing for the Philippines in advance of this year’s typhoon season as the country continues to deal with the economic fall-out of $13 billion in losses from Typhoon Haiyan/ Yolanda. The Head of UNISDR, Margareta Wahlström, said today: “The Philippines is hit by over 20 typhoons every year. What is needed is a simple scheme which will provide valuable protection to people and municipalities before the next typhoon season. In order to be successful it will require mandatory take-up by local government units but it will make them masters of their own destiny when it comes to responding to relief and recovery needs in the wake of a major disaster event.” The catastrophe scheme developed by global insurance giants Willis Re and Munich Re will be presented tomorrow in Manila at a High Level Forum on Strengthening Disaster Risk Insurance in the Philippines. The Philippines Risk and Insurance Scheme for Municipalities (PRISM) is a fast track way of providing budgetary support in the aftermath of a major natural disaster. Rowan Douglas, CEO Capital, Science and Policy Practice, Willis Group, explained: “Contrary to traditional insurance the payment of claims is not based on actual losses but on a pre-agreed amount when a specific trigger is met. For example, insurance will be paid out in the event of rainfall exceeding a certain amount, or wind speed exceeding a certain threshold.” Mr. Douglas is a member of the UNISDR Private Sector Advisory Group. Ernst Rauch, head of the Corporate Climate Centre of Munich Re, said: “These parametric triggers are based on industry standards and can evolve as more information becomes available. Once one trigger has been exceeded a payment will be made through the scheme manager to the local government unit and this can be used for rescue, relief, recovery or re-building depending on needs assessments. It can become a key part of broader national catastrophe risk management programme. Cover can be adjusted to reward disaster risk reduction efforts undertaken by municipalities.” Economic losses in the Philippines are part of an upward global trend. According to the UN Secretary General, Ban Ki-moon, economic losses from disasters are “out of control.”
20 Jan 2014 Press release

Boost for quake insurance in SE Europe

A major step towards implementation of a disaster risk financing framework in South Eastern Europe has been taken with the completion of a first round of training workshops on new approaches to earthquake insurance last month.
11 Apr 2014 News briefs
The Third World Conference on Disaster Risk Reduction will take place in 2015 The Third World Conference on Disaster Risk Reduction will take place in 2015.
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