AMCDRR Side-Event: Disaster Risk Transfer that Protects the Poor
Designing a Disaster Risk Transfer Scheme that Protects the Poor
5th AMCDRR, 24th October, 12.30-14.00, Room C4
Join the National Disaster Management Authority (NDMA) Pakistan, together with partners LEAD Pakistan and the Climate Development Knowledge Network (CDKN) to a side-event of the 5th Asian Ministerial Conference on DRR (AMCDRR) in Indonesia to discuss how to design a disaster risk insurance scheme that protects the poor.
The National Disaster Management Authority (NDMA) of Pakistan is charting an ambitious plan to put in place a framework on Risk Insurance for Disaster Prone Communities in Pakistan.
The purpose is to move away from the current approach of responding to the increasingly frequent natural disasters on a case by case basis, relying on domestic budgets, including diversion of resources from other projects, and on extensive financing from international donors. While ex-post disaster funding from donors and multilateral financial institutions can be an important part of government’s catastrophe risk management strategy, over-reliance on this approach has major limitations in terms of efficiency, effectiveness, and sufficiency.
By ensuring that sufficient liquidity exists very soon after a disaster, modern funding approaches such as micro insurance of the vulnerable communities are being considered to help to speed recovery and ensure that scarce government funds are well used.
The AMCDRR provides a unique opportunity for the NDMA to gain expert inputs and feedback on its plans from Governments and experts from across Asia. It will also allow models from elsewhere to be showcased and an exchange of views on how best to design and deliver such a scheme.
Dr. Zafar Iqbal Qadir, Chairman, NDMA Pakistan will be presenting the plans in Pakistan, and Nasreen Rashid, Executive Advisor. EFU Group of Insurance companies, Pakistan, Ismet Gungor, General Coordinator, Turkish Catastrophe Insurance Pool, Turkey and Zhou Hongjian, Assistant Professor at the National Disaster Reduction Centre for China will be reflecting on best practices and case studies from elsewhere in Asia.
Come and contribute to the discussion, share experience of risk insurance schemes, and provide the NDMA Pakistan with best practices from you work. For more information e-mail firstname.lastname@example.org or visit LEAD Pakistan and CDKN at the exhibition stand at the AMCDRR.