Innovation in Risk Finance: Modelling Matters!
|Disseminate insights and lessons learnt from innovative modelling work completed as part of South-East Asian Disaster Risk Insurance Facility (SEADRIF) offering an initial flood insurance product. The focus of this session will be on modelling used for risk transfer products offered by SEADRIF. In addition it will also offer information to inform broader activities for DRM, climate analytics and rapid post-event impact assessments. SEADRIF’s first insurance product combines innovative modelling approaches to support the placement of a sovereign parametric insurance product. In this session, moderated by the World Bank, the SEADRIF Insurance Company along with private sector companies collaborating on this successful placement will show how new technologies enabled countries to access the insurance market. Then along with additional experts in this space they will discuss some of the advancements which can support better understanding of risk and improved financial resilience. The World Bank, Disaster Risk Financing and Insurance Program https://www.worldbank.org/en/programs/disaster-risk-financing-and-insurance-program|
Hang Thu Vu
Soo Hoon Hauw-Quek