Understanding Disaster Risk and Insurance Implications in A.NZ Perspective
Explore the complexities of disaster risk management, insurance implications, and the human dimension within the context of A.NZ perspective. Discover insights on measuring risk, insurance caveats, and the challenges posed by climate change. Delve into the co-benefits of effective disaster risk mitigation strategies.
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Presentation Transcript
Damages Source: GAR (2015)
Disaster datasets Global EMDAT MunichRe & SwissRe DesInventar NZ Insured (ICNZ) NZD 36.8B (1980-2017) ?
Anything broken? Where is the risk? Exclusive reliance on insurance (risk transfer) Social and human losses
Measuring Risk The EQ uncertainty-map
Insurance caveats Insurance changes recovery by changing incentives Some risks are currently not insurable What about the uninsured? Climate change will change insurance (locally) Future change in the climate of insurance (globally)
The human dimension This is the excellent foppery of the world that when we are sick in fortune often the surfeit of our own behaviour we make guilty of our disasters the sun, the moon, and the stars, as if we were villains by necessity, fools by heavenly compulsion, knaves, thieves, and treachers by spherical predominance, drunkards, liars, and adulterers by an enforced obedience of planetary influence, and all that we are evil in by a divine thrusting-on King Lear, Act I, Scene II
