Organization: World Bank Group
- Dr. Daniel Clarke, Senior Disaster Risk Financing & Insurance Specialist, World Bank Group
- Charlotte Benson, Senior Disaster Risk Management Specialist, Asian Development Bank
- Julie Dana, Lead Financial Officer, World Bank Treasury
- Rosalia de Leon, Treasurer and Head of the Liability Management Cluster, Department of Finance, Philippines
- Robert Muir-Wood, Chief Research Officer, RMS
- Salvador Perez Maldonado, Assistant General Manager, Insurance, Pensions and Social Security, Ministry of Finance, Mexico
Financial protection mechanisms can support timely, well-targeted government action in the aftermath of a disaster, helping the government finance recovery and reconstruction without taking resources away from development programs. Following in the footsteps of a handful of pioneering countries, governments (and donor agencies) are looking to invest in financial protection to safeguard development gains. Yet, the evidence about the impact, effectiveness and efficiency of such programs remains limited. Speakers will explore how probabilistic risk models and economic models can be reconciled in an effort to develop a methodology that can evaluate the true benefits of financial protection.