OECD International Network on the Financial Management of Large-scale Catastrophes

Permanent url for this page: www.oecd.org/daf/fin/catrisks

High Level Advisory Board | Meetings | Publications and links | 

 

Risk awareness, capital markets and catastrophic risks - Policy issues in insurance - initiatives to promote natural hazard awareness and disaster risk reduction education, the role of financial markets in financial mitigation of large-scale risks, mechanisms used to quantify catastrophe losses, and hazard risk mapping efforts in Southeast Asian countries.

 

Good practices for the mitigation and financial management of catastrophic risks -  an integrated, action-oriented framework for the identification of disaster risks, promotion of risk awareness, enhancement of prevention and loss mitigation strategies, and design of compensation arrangements.

 

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.

 

The Network promotes the exchange of information and experiences among policymakers, industry, and academia in both OECD and non-OECD 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:

Download the biographies of board members (PDF)

  • Mr. Sergio Álvarez Camiña, General Manager of the Consorcio de Compensación de Seguros, Spain
  • Mr. Steve Atkins, Chief Executive, Pool Reinsurance Co Ltd, United Kingdom
  • Ms. Debra Ballen, Vice President,  Institute for Business & Home Safety, United States
  • Ms. Christiane de Bondy, Secretary General, GAREAT, France
  • Mr. Werner Bugl, Director for Business Development, Asia Capital Reinsurance Group (ACR), Singapore
  • Prof. Peter Hoeppe, Head, Department of Geo Risks Research, Munich Reinsurance Company AG, Germany
  • Mr. Rubem Hofliger Topete, General Director, Natural Disasters Fund (FONDEN), Mexico
  • Prof. Paul R. Kleindorfer, Distinguished Research Professor, INSEAD, France
  • Prof. Howard Kunreuther, Cecilia Yen Koo Professor of Decision Sciences & Public Policy, and Co-Director, Center for Risk Management and Decision Processes OPIM Dept., The Wharton School, United States
  • Mr. Ivo Menzinger, Managing Director, Global Partnerships, Head Asia and Emerging Markets Strategies, Swiss Re, Switzerland
  • 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
  • Prof. Alberto Monti, Associate Professor of Comparative Law, Institute for Advanced Study IUSS Pavia, Italy
  • Dr. Robert Muir-Wood, Chief Research Officer, Risk Management Solutions (RMS), Inc., United Kingdom and Vice-Chair of the Board
  • Mr. Frank Nutter, President, Reinsurance Association of America, United States
  • Prof. Norio Okada, Disaster Prevention Research Institute, Kyoto University, Japan
  • Mrs Stephane Pallez, Chief Executive Officer, Caisse Centrale de Réassurance, France
  • Prof. Peijun Shi, Vice President of Beijing Normal University, Professor of Geography (Disaster and Public Security), China
  • Dr. Milan Simic, Managing Director, AIR Worldwide Corporation, United States
  • Mr. Hideo Suzuki, President and Director, Japan Earthquake Reinsurance Co., Ltd, Japan
  • Mr. Neil E. Weeks, CEO, Australian Reinsurance Pool Corporation, Australia and Vice-Chair of the Board
  • Prof. Semih Yucemen, Head, Department of Earthquake Studies, Middle East Technical University, Turkey
  • Prof. Richard Zeckhauser, Frank Plumpton Ramsey Professor of Political Economy, Harvard University, United States

 

Meetings

High Level Advisory Board:

  • 7th Meeting of the High Level Advisory Board of the OECD International Network on Financial Management of Large-scale Catastrophes, Paris, France, 24 June 2011
  • 6th Meeting of the High Level Advisory Board of the OECD International Network on Financial Management of Large-scale Catastrophes, Paris, France, 2 June 2010
  • 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
  • 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

 

Conferences:

 

Publications and links

 

For further information, please contact Timothy Bishop, OECD Financial Affairs Division, e-mail: timothy.bishop@oecd.org. Permanent url for this page: www.oecd.org/daf/fin/catrisks.

Top of page

Bookshop

Comprehensive analysis, practical solutions and good practices

Improving Financial Education and Awareness on Insurance and Private Pensions

International Gateway for Financial Education

www.financial-education.org

Free online statistics

OECD Insurance Statistics Database

Major official insurance statistics for all OECD countries

Insurance Statistics Yearbook