From Managing Disasters to Managing Risks: The Power of forecast-based action, index insurance and multi-year recovery finance

Disaster risks are a leading cause of hunger and malnutrition, affecting the economic and physical access, availability and stability of food supplies. Without better management of these risks, millions of food insecure and vulnerable people affected by frequent and intense natural hazards cannot build their resilience to become food secure.

This side event will outline the role of Innovative Humanitarian Risk Financing mechanisms that include forecast-based action, index insurance, and multi-year recovery programmes in (i) strengthening resilience of vulnerable people before, during and after a climate disaster occurs, and (ii) contribute to the paradigm shift from managing disasters to managing risks.