Swiss Re Group Management Board Member, Martyn Parker, says that as "first responders" city mayors and state governors play a pivotal role in helping communities bounce back following natural catastrophes such as floods or earthquakes.
In a blog for the Rockefeller Foundation, Parker writes: "Driving through expensive schemes to protect urban centres against natural disasters will depend to no small degree on the single-mindedness and arm-twisting ability of city and state administrators, people committed to doing their best for the communities they serve".
He also points out that as weather-related disasters seem to becoming more frequent, city governments need to prepare for such events more systematically than in the past. Risk management experts from the global re/insurance industry can provide valuable assistance in this regard, he adds.
Swiss Re has just put its money where its mouth in this respect by supporting a Rockefeller Foundation initiative to help100 cities around the world become more resilient. Swiss Re's contribution will include the provision of its proprietary, state-of-the art risk assessment software, known as CatNet. The cities will receive this software free-of-charge. Going forward, Swiss Re will also throw its weight behind the appointment of Chief Resilience Officers, city officials who will be charged with the job of developing resilience strategies for their communities.
A recent Swiss Re publication entitled "Mind the Risk" ( http://www.swissre.com/rethinking/climate_and_natural_disaster_risk/Mind_the_risk.html) analyses the natural disaster risks to which the world's largest cities are exposed and, more importantly, highlights solutions that help bridge the gap between economic and insured losses and reduce the financial burden on local communities.
Category: Sustainable energy
Location: Adliswil, Switzerland