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Currently showing: Climate/natural disasters > Climate change

26 Sep 13 15:52

As President Bill Clinton stated during the Clinton Global Initiative Annual Meeting, "Every five days, one million people move from rural to urban areas. As climate events grow, so does the need for resilience."

Cities are growing at an incredible rate and given their economic contributions to national economies, they must be a focal point in the journey to build societal resilience. In Swiss Re's "Mind the Risk" report, 616 cities around the globe were analyzed for their exposure to natural disasters and the report found that while these cities made up 25% of the global population, they accounted for 50% of global GDP. Given this fact, if a large city "sneezes," the entire country's immune system is weakened.

This is why I am personally very excited to be partnering with the Rockefeller Foundation on their 100 Resilient Cities Centennial Challenge. Swiss Re has been saying for many years that in order to build a more resilient society, we must have holistic and comprehensive risk management strategies embedded into our governments. Appointing a decision maker to the role of Chief Resiliency Officer that is equipped with the tools to identify, assess, mitigate and adapt to all risks their constituencies face, is a critical step to ensuring these communities get back on their feet as quickly as possible and regain their positions as the economic drivers of their respective countries.

Starting this fall, Swiss Re will be offering its tremendous knowledge and expertise to help these cities achieve just this. We will offer our CatNet software to all 100 cities to help them understand their exposures to all natural hazards. By using these tools, cities will be able to identify in a strategic fashion the steps they need to take to protect their citizens and assets along the mantra of "prevent, mitigate, adapt and transfer" the majority of the remaining risk. Risk transfer solutions will be critical to reducing the financial impacts of these events and shift the burden from the communities to the insurance and capital markets. We must end the delayed instinct of "disaster response" and instead take the time to build "disaster resilience" before tragedy strikes. The 100RC initiative is a giant leap forward.

Making 100 cities more resilient | Swiss Re - Leading Global Reinsurer

Pledge will support at least 100 cities in building resilience to natural...

Category: Climate/natural disasters: Climate change, Disaster risk, Earthquakes, Floods/storms, Pollution, Resilience, Other

Location: New York, NY


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