23-24 June 2011 - Paris, France
This high-level roundtable on the financial management of earthquakes was convened in response to a request from the Chilean government after the massive earthquake and tsunami in Chile on 27 February 2010 which killed more than 500 people and cost USD 25 to 30 billion. It aimed to help Chile revisit its national strategy on the financial management of catastrophe risks, and earthquake risks in particular, in light of other OECD country experiences. More specifically, the Chilean Ministry of Finance wished to examine options to expand financial coverage and alleviate the financial burden to be borne by the government in the event of future earthquakes, through risk reduction and risk transfer.
Beyond Chile, discussions during the Roundtable were of relevance to many other countries exposed to catastrophic risks.
The roundtable brought together key policymakers from various Chilean ministries, representatives from the private sector in Chile, Ambassador Saez and delegates from the Permanent Delegation of Chile to the OECD, Ambassador Garcia-Lopez of the Permanent Delegation of Mexico to the OECD, members of the OECD Board on the Financial Management of Large-Scale Catastrophes and other leading experts in disaster management from the public sector, industry, renowned research institutions and international organisations.
(click on their name to see their PPT presentation)
Session 1 - Policy Framework for the Improvement of Financial Management Strategies to Cope with Large-Scale Catastrophes
Moderator: Erwann Michel-Kerjan, Managing Director, Center For Risk Management, The Wharton School, United States; Chairman, OECD Board on the Financial Management of Large-Scale Catastrophes
Sesssion 2 - The Framework for Quantifying Catastrophe Risk Liabilities for the Government of Chile as a Foundation for Identifying Appropriate Risk Mitigation and Risk Transfer Mechanisms
Moderator: Raul Saez, Ambassador, Permanent Delegation of Chile to the OECD
Session 3 - Catastrophe Financing for Governments : Learning from the 2009-2012 Multicat Program in Mexico
Moderator : Milan Simic, Senior Vice President and Managing Director, AIR Worldwide Ltd.
Directorate for Financial and Enterprise Affairs
Tel: 33 (1) 45 24 96 60