DRFF in the News
Aug 28
2017
By Diego Arias (Agriculture Global Practice) The availability and quality of agriculture risk information is hugely important for farmers, and the potential impact of bad information can be quite costly, leading the farmer to make wrong decisions and eventually lose revenue. Information systems that have unreliable sources and/or poor data processing protocols, produce unreliable results, no matter how complex the data processing model is. In other words, one can have “garbage in – garbage out... Keep reading
Aug 14
2017
Developing countries vulnerable to natural disasters are increasingly looking to build their resilience and find ways to mitigate the financial cost of disasters. The Philippines just launched a new catastrophe risk insurance program to protect national and local government agencies against the financial losses from severe natural disasters.Providing US$206 million in aggregate coverage, the program protects assets of the national government and 25 provinces. Since 1990, the Philippines has... Keep reading
Aug 04
2017
On August 3, a DRFIP mission attended the 2017 ICRM Symposium on Managing Risk and Resilience in Singapore. During the event, Olivier Mahul delivered a keynote address on Regional Disaster Risk Finance in Asia. The keynote was articulated around the discussion paper “Toward a regional approach for disaster risk finance in Asia”, which was recently co-published with GFDRR and the Rockefeller foundation. The paper discusses the current status of cat risk insurance in Asia and explores potential... Keep reading