In recent years, typhoons have struck the Philippines and Vanuatu; earthquakes have rocked Haiti, Pakistan, and Nepal; floods have swept through Pakistan and Mozambique; droughts have hit Ethiopia, Kenya, and Somalia; and more. All led to loss of life and loss of livelihoods. Responses were often late, underfunded and poorly coordinated, and recovery will take years. One of the likely effects of climate change is to increase the likelihood of the type of extreme weather events that seems to cause these disasters.
Do extreme events have to turn into disasters with huge loss of lives and suffering? Can we learn from insurance and use innovative risk financing instruments to improve our responses?
This event will bring together humanitarian and development thinkers, policy makers and practitioners, as well insurance experts to debate the risks and opportunities from using new financing mechanisms.