Financial markets

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

 

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.

 

Governments must act, not merely 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, former Chief Executive Officer, and Mr. Julian A.P.  Enoizi, Chief Executive Officer, Pool Reinsurance Co Ltd, United Kingdom
  • Ms. Christiane de Bondy, Secretary General, GAREAT, France
  • Mr. Werner Bugl, Member of International Advisory Board of Russian Reinsurance Company and Director for Business Development, Asia Capital Reinsurance Group (ACR), Singapore
  • Prof. Peter Hoeppe, Head, Department of Geo Risks Research, Munich Reinsurance Company AG
  • Mr. Rubem Hofliger Topete, Latin American Regulatory Officer, Swiss Re, Mexico
  • 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. Andrew Maskrey, Chief of the Risk Knowledge Section and Coordinator of the United Nations Global Assessment Report on Disaster Risk Reduction (GAR), United Nations Office for Disaster Risk Reduction (UNISDR).
  • Mr. Ivo Menzinger, Managing Director, Global Partnerships, Head Asia and Emerging Markets Strategies, Swiss Re
  • 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, Professor, School of Policy Studies, Kwansei Gakuin University and Director, Institute for Research of Disaster Area Reconstruction, Kwansei Gakuin 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
  • 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
Permanent url for this page: www.oecd.org/daf/fin/catrisks
 

DOCUMENTS AND LINKS

Disaster Risk Financing in APEC Economies, 2013

G20/OECD methodological framework on disaster risk assessment and risk financing, 2012

Risk awareness, capital markets and catastrophic risks, 2011

Public consultation on good practices for the mitigation and financial management of catastrophic risks, 2010 

Policy Handbook on Natural Hazard Awareness and Disaster Risk Reduction, 2009

Financial Management of Large-scale Catastrophes, OECD (2008) 

Terrorism Risk Insurance in OECD Countries
OECD (2005) 

Catastrophic Risks and Insurance, OECD (2005) 

Large-scale Disasters: Lessons Learned, 2004

Keeping schools safe in earthquakes, 2004

Environmental risks and insurance, OECD (2003) 

Insurance and Expanding Systemic Risks
OECD (2003) 

Emerging Risks in the 21st Century: An Agenda for Action, 2003

 

 


CONFERENCES

2nd International Meeting on Terrorism Risk Insurance, 5 December 2012, Paris

High-Level Roundtable on the Financial Management of Earthquakes, 23-24 June 2011, Paris

1st Conference on Terrorism Risk Insurance, 1-2 June 2010, Paris

2009 Conference on the Financial Management of Large-scale Catastrophes, Bangkok

2007 Conference on the Financial Management of Large-scale Catastrophes, Hyderabad

2004 Conference on Catastrophic Risks and Insurance, Paris


For further information
Please contact:
Mr. Timothy Bishop
E-mail: timothy.bishop@oecd.org
 

 

 

 

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