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| High Level Advisory Board | Meetings | Benchmark questionnaire | Publications and links |
Bookmark this page: www.oecd.org/daf/fin/catrisks
In an increasingly globalised economy, the knock-on effect of disasters grows beyond the direct economic and social impact of the countries affected. At the same time recent years have seen a dramatic rise in the frequency and severity of catastrophes, both natural and man-made, and the trend is towards greater vulnerability and exposure, leading to larger losses.
Time has come for governments to act, not merely to react. The costs associated with natural and man-made disasters must be properly assessed and financially managed before a major loss occurs, and this requires a proactive role of governments in direct and continuous co-operation with the private sector.
Are governments in developed and emerging countries adopting efficient strategies to manage the increasing financial burden of catastrophes? What are the roles and responsibilities of key stakeholders in the public and private sectors in the management of disaster risks and costs? How can all parties best prepare for the unprecedented challenges posed by large-scale risks?
To address these issues and develop sound policies, the OECD has established an International Network on the Financial Management of Large-Scale Catastrophes.
Under the guidance of a High-Level Advisory Board, the Network promotes the exchange of information and experiences among policymakers, industry, and academia in OECD and non-member countries.
High Level Advisory Board
The Network benefits from the guidance and intellectual leadership of a High-Level Advisory Board composed of experts from governments, private sector and academia.
The High-Level Advisory Board plays a leading role in identifying and discussing the major policy issues related to the financial management of large-scale catastrophes.
It also performs advisory functions to the OECD Secretary-General and to the Insurance and Private Pensions Committee (IPPC) and the Committee on Financial Markets (CMF) in the drafting of guidelines, good practices, recommendations and principles.
High-Level Advisory Board members:
See the Board members biographies here
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Mr. Steve Atkins, Chief Executive, Pool Reinsurance Co Ltd, United Kingdom
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Ms. Debra Ballen, Executive Vice President -- Public Policy Management, American Insurance Association, United States
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Mr. Werner Bugl, Director for Business Development, Asia Capital Reinsurance Group (ACR), Singapore
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Prof. Peter Hoeppe, Head, Department of Geo Risks Research/Corporate Climate Centre Munich Reinsurance Company AG, Germany
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Prof. Paul R. Kleindorfer, Distinguished Research Professor, INSEAD, France
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Prof. Howard Kunreuther, Cecilia Yen Koo Professor of Decision Sciences & Public Policy, and Co-Director, Center for Risk Management and Decision Processes OPIM Dept., Wharton School, United States
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Mr. Ignacio Machetti, General Manager, Consorcio de Compensación de Seguros, Spain
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Mr. Thierry Masquelier, Chairman and CEO, Caisse Centrale de Réassurance (CCR), France
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Dr. Erwann Michel-Kerjan, Managing Director, Center for Risk Management and Decision Processes OPIM Dept., The Wharton School, United States and Chair of the Board
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Dr. Robert Muir-Wood, Chief Research Officer, RMS, Inc., United Kingdom and Vice-Chair of the Board
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Mr. Frank Nutter, President, Reinsurance Association of America, United States
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Prof. Norio Okada, Disaster Prevention Research Institute, Kyoto University, Japan
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Prof. Peijun Shi, Vice President of Beijing Normal University, Professor of Geography (Disaster and Public Security), China
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Dr. Milan Simic, Managing Director, AIR Worldwide Corporation, United States
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Mr. Hideo Suzuki, President, The Japan Earthquake Reinsurance Co., Ltd., Japan
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Mr. Serge Troeber, Head of Cat Perils, Swiss Reinsurance Company, Switzerland
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Mr. Neil E. Weeks, CEO, Australian Reinsurance Pool Corporation, Australia and Vice-Chair of the Board
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Prof. Semih Yucemen, Head, Department of Earthquake Studies, Middle East Technical University, Turkey
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Prof. Richard Zeckhauser, Frank Plumpton Ramsey Professor of Political Economy, Harvard University, United States
Meetings
High Level Advisory Board:
- 5th Meeting of the High Level Advisory Board of the OECD International Network on Financial Management of Large-scale Catastrophes, Paris, France, 22 June 2009
- 4th Meeting of the High Level Advisory Board of the OECD International Network on Financial Management of Large-scale Catastrophes, Paris, France, 28 May 2008
- 3rd Meeting of the High Level Advisory Board of the OECD International Network on Financial Management of Large-scale Catastrophes, Paris, France, 29 October 2007
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2nd Meeting of the High Level Advisory Board of the OECD International Network on Financial Management of Large-scale Catastrophes, Paris, France, 30 May 2007
- Inaugural meeting of the High Level Advisory Board of the OECD International Network on Financial Management of Large-scale Catastrophes, Paris, France, 8 September 2006
Network Plenary conferences:
Benchmark questionnaire
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Benchmark Questionnaire: OECD Policy Handbook Awareness Assessment, OECD, 2009
In preparation of the 2nd Conference organised under the auspices of the OECD International Network on the Financial Management of Large-scale Catastrophes (“OECD Network”) scheduled to take place in Bangkok, Thailand on 24-25 September 2009, countries are kindly invited to participate in a benchmarking exercise aimed at assessing the current situation of their country against the OECD Policy Handbook on Natural Hazard Awareness and Disaster Risk Reduction Education.
Publications and links
The High-level Advisory Board has discussed a proposed Principles and Action Framework for mitigating and financing catastrophic risks. Comments are invited from the public.
The OECD has produced several publications to date on large-scale catastrophes, including:
For further information, please contact Timothy Bishop, OECD Financial Affairs Division, e-mail: timothy.bishop@oecd.org
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