(Webinar tomorrow) Why invest in flood resilience: An insurance perspective
TheWaterChannel NewsFlash: December 20, 2016
Why invest in flood resilience: An insurance perspective
It is but intuitive that it is more effective to build resilience to natural disasters before they hit, than relief and recovery in the aftermath. Research by the insurance sector backs this up: every dollar spent on risk reduction measures saves 5 dollars in avoided/reduced losses. And yet 87% of all disaster-related funding is targeted at relief and recovery.
As natural disasters go, floods pose the most ominous threat to communities around the world. Almost all countries face the threat of floods to some extent; and the physical losses caused by floods are bigger than losses from all other natural hazards combined. However, research shows that while people overestimate the likelihood of a flood, they underestimate the potential of losses.
What, then, are the most effective investments to make in flood resilience? How exactly do they help build resilience? What are the most reliable sources of information that can help decision-making in this area?
Discussing these questions from an Insurance-sector perspective will be David Nash from Z Zurich Foundation, at a free, open webinar on December 21 (Wednesday) at 1400 CET (Click here to check your local timings). The key, David will argue, is to work with communities. He will also explain why the insurance sector must recognize the incentives to do so.
The webinar is free to attend and open to all.
For further details on how to attend, please visit www.thewaterchannel.tv/webinars
Hope to see you there!
With best regards,