Insurance

2nd Conference on the Financial Management of Large-Scale Catastrophes

 

Bangkok, Thailand - 24-25 September 2009

 

The 2nd Conference organised under the auspices of the OECD International Network on the Financial Management of Large-scale Catastrophes (“OECD Network”) took place in Bangkok, Thailand, on 24-25 September 2009. This international event was sponsored by the Office of Insurance Commission (OIC) of Thailand and the Government of Japan. 

 

Further to the 1st Conference that took place in Hyderabad, India, on 26-27 February 2007, this 2nd Conference constitutes an integral part of the OECD Network activities and was aimed to provide an international multi-stakeholder forum for the exchange of information and experiences on the financial management of large-scale risks. Thailand was particularly well suited to host this 2nd Conference in consideration of its notable catastrophic risk exposure and its substantial experience in disaster risk management. The policy dialogue involving OECD and non member countries around the world was enlightening and most fruitful for all participants.

The main themes for the 2nd Conference were:

  • Thailand and South East Asia 5 years after the tsunami, and facing the threats of global warming;
  • natural hazard awareness and disaster risk reduction education;
  • hazard mapping, risk assessment, and insurance coverage of natural catastrophe risks; and
  • catastrophe-linked securities and the role of capital markets in promoting the growth of global capacity to absorb natural catastrophe risks.

 

This Conference brought together senior government officials, industry representatives working in the area of financial management of large-scale catastrophes (e.g. insurance sector, financial markets, risk management, catastrophe risk modelling, country risk mitigation schemes), representatives from the educational sector, consumer associations, NGOs and international organisations, as well as academics from OECD member countries, non-OECD economies and Thailand.

 

Documentation:

 

Presentations and CVs

Session I:

Chairperson: Dr. Erwan Michel-Kerjan, Chair of OECD High-Level Advisory Board and Managing Director, Wharton Risk Management and Decision Processes Center, University of Pennsylvania

Part 1. Learning from the past and looking ahead: Thailand and South East Asia five years after the tsunami, and facing the threats of global warming.

Dr. Marymam Golnaraghi, Chief of Disaster Risk Reduction Programme, WMO

Mr. Satya Sundar Tripathi, UN Recovery Coordinator for Aceh and NIAS UNORC-Indonesia

Part 2. Focus on climate change and global warming: what is still to be done in order to effectively cope with the increasing risks going forward, particularly in South East Asia.

Mr. Prawit Thongtanakul, Director, the General Insurance Association, Thailand

Dr. Tae Yong Jung, Senior Economist, Asian Development Bank

Prof. Peter Hoeppe, OECD high-Level Advisory Board and head, Geo Risks Research Corportae Climate Centre, Munich Reinsurance Company AG

Mr. Masao Seki, Associate Director, Corporate Social Responsibility Office Sompo Japan Insurance

 

Session II: Natural hazard awareness and disaster risk reduction education.

Chairperson: Mr. Jaraphant Asvatankul, President, the General Insurance Association, Thailand

Part 1. Focus on international initiatives and principles.

Prof. Alberto Monti, OECD Consultant and Professor of Comparative Law, Bocconi University

Mr. Jerry Velasquez, Head of Asia Pacific Region UN/ISDR

Mr. Patrick Fox, Head of Regional Disaster Management Unit of the International Federation of Red Cross and Red Crescent Societies

Dr. Maryam Golnaraghi, Chief of Disaster Risk Reduction Programme, WMO

Mr. Takashi Okuma, General Manager, The General Insurance Association of Japan

Part 2. Focus on South East Asia.

Mr. Opart Panya, Assistant Professor, Faculty of Environment and Resource Studies, Mahidol University, Thailand

Mr. Adthaporn Singhawichai, Director of Research and International Cooperation Bureau, Department of Disaster Prevention and Mitigation, Thailand

Ms. Thi Thuy Duong Nguyen, Insurance Commission, Vietnam

Session III: Hazard mapping, risk assessment, and insurance coverage of natural catastrophe risks

Chairperson: Mr. Neil Weeks, Vice-Chair, OECD High-Level Advisory Board and CEO, Australian Reinsurance Pool Corporation

Part 1. Focus on current and planned hazard mapping, risk assessment and harmonised data collection initiatives at the country, regional and international level.

Dr. Erwan Michel-Kerjan, Chair of OECD High-Level Advisory Board and Managing Director, Wharton Risk Management and Decision Processes Center, University of Pennsylvania

Mr. Jono Sumarjono, Head of Business Conduct Analysis Division, Insurance Bureau, Capital Market and Financial Institution Supervisory Agency, Indonesia

Mr. Gary Kerny, Assistant Vice President, Property Claim Services (PCS)

Prof. Peter Hoeppe, OECD High-Level Advisory Board and Head, Geo Risks Research Corporate Climate Centre, Munich Reinsurance Company AG

Mr. Markus Schmutz, Managing Director and Head of ILS Structuring and Origination, Swiss Re Capital Markets Corporation

Dr. Rui Pinho, Secretary General, Global Earthquake Model (GEM) Foundation

Part 2. Focus on the gaps in the current sitation, the opportunity to launch new initiatives, and the implications for country risk management, insurance/reinsurance coverage, risk modelling, pooling and pricing purposes.

Mr. Arnon Opaspimoltum, Chairman of Property Insurance Committee, The General Insurance Association, Thailand

  • This presentation will be distributed at the conference, it will not available on the conference website.

Dr. Robert Muir-Wood, Vice-Chair, OECD High-Level Advisory Board and Chief Research Officer, Risk Management Solutions (RMS)

Prof. Semih Yucemen, OECD High-Level Advisory Board and Head of Department of Earthquake Studies, Department of Civil Engineering, Middle East Technical University

Prof. Peijun Shi, OECD High-Level Advisory Board, Professor of Geography (Disaster and Public Security) and Vice President of Beijing Normal University

"Principles and Action Framework"

"Tracking Insurance Industry Exposures to CAT Risks and Quantifying Insured and Economic Losses in the Aftermath of Disaster Events: a Comparative Survey"

"The Provision of Mapped Hazard Data Global Good Practices and an Inventory of Online Information in South East Asia" 

Session IV: Catastophe-linked securites and the role of capital markets in promoting the growth of global capacity to absorb natural catastrophe risks.

Chairperson: Dr. Robert Muir-Wood, Vice-Chair, OECD High-Level Advisory Board and Chief Research Officer, Risk Management Solutions (RMS)

Prof. Alberto Monti, OECD Consultant and Professor of Comparative Law, Bocconi University

Mr. Markus Schmutz, Managing Director and Head of ILS Structuring and Origination, Swiss Re Capital Markets Corporation

Dr. Robert Muir-Wood, Vice-Chair, OECD High-Level Advisory Board and Chief Research Officer, Risk Management Solutions (RMS)

Mr. Ivan Zelenko, Head of Derivatives and Structured Finance, Capital Markets Department, The World Bank Treasury

Mr. Victor Cardenas, Independent Advisor (former Deputy Director of Catastrophe Risk in the Ministry of Finance of Mexico)

 

OECD Report on "CAT-linked securities and capital markets"

 

Additional Material

Evaluation Questionnaire

 

 

 

 

Countries list

  • Afghanistan
  • Albania
  • Algeria
  • Andorra
  • Angola
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia and Herzegovina
  • Botswana
  • Brazil
  • Brunei Darussalam
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • China (People’s Republic of)
  • Chinese Taipei
  • Colombia
  • Comoros
  • Congo
  • Cook Islands
  • Costa Rica
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Côte d'Ivoire
  • Democratic People's Republic of Korea
  • Democratic Republic of the Congo
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Ethiopia
  • European Union
  • Faeroe Islands
  • Fiji
  • Finland
  • Former Yugoslav Republic of Macedonia (FYROM)
  • France
  • French Guiana
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guatemala
  • Guernsey
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong, China
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iraq
  • Ireland
  • Islamic Republic of Iran
  • Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Korea
  • Kuwait
  • Kyrgyzstan
  • Lao People's Democratic Republic
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macao (China)
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia (Federated States of)
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • Netherlands Antilles
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestinian Administered Areas
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Romania
  • Russian Federation
  • Rwanda
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Samoa
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Serbia and Montenegro (pre-June 2006)
  • Seychelles
  • Sierra Leone
  • Singapore
  • Slovak Republic
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Sudan
  • Spain
  • Sri Lanka
  • Sudan
  • Suriname
  • Swaziland
  • Sweden
  • Switzerland
  • Syrian Arab Republic
  • Tajikistan
  • Tanzania
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • United States
  • United States Virgin Islands
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Venezuela
  • Vietnam
  • Virgin Islands (UK)
  • Wallis and Futuna Islands
  • Western Sahara
  • Yemen
  • Zambia
  • Zimbabwe
  • Topics list