Financial Management of Flood Risk

Published on July 29, 2016


Disasters present a broad range of human, social, financial, economic and environmental impacts, with potentially long-lasting, multi-generational effects. The financial management of these impacts is a key challenge for individuals and governments in developed and developing countries. G20 Finance Ministers and Central Bank Governors and APEC Finance Ministers have recognised the importance and priority of disaster risk management strategies and, in particular, disaster risk assessment and risk financing. The OECD has supported the development of strategies for the financial management of natural and man-made disaster risks, under the guidance of the OECD High-Level Advisory Board on Financial Management of Large-scale Catastrophes and the OECD Insurance and Private Pensions Committee. This work has included the elaboration of an OECD Recommendation on Good Practices for Mitigating and Financing Catastrophic Risks and a draft Recommendation on Disaster Risk Financing Strategies  The Financial Management of Flood Risk extends this work by applying the lessons from the OECD’s analysis of disaster risk financing practices and the development of its guidance to the specific case of floods.


Executive summary
Introduction: The prevalence of flood risk
Flood risk in a changing climate
Insuring flood risk
Improving the insurability of flood risk
Managing the fiscal cost of floods
Designing a disaster risk financing strategy for flood risk
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See also

2018 - City on the edge: Paris faces yet another major flood

2018 - Preventing the flooding of the Seine in the Paris - Ile de France region

2017 - Coping with the financial consequences of devastating floods

2016 - Conference on the financial management of flood risk

2016 - Financial instruments for managing risks related to climate change

2015 - Disaster Risk Financing: A global survey of practices and challenges

2014 - Seine Basin, Île-de-France: Resilience to Major Floods

2013 - Disaster Risk Financing in APEC Economies: Practices and Challenges

2013 - G20/OECD Methodological Framework on Disaster Risk Assessment and Risk Financing