OECD Conference on the financial management of flood risk

Building financial resilience in a changing climate

Flooding is one of the most common, wide-reaching and destructive natural perils, affecting tens of millions of people around the world each year and causing, on average, more than USD 200 billion in damages. The financial management of flood risk presents a significant policy challenge in many countries, requiring careful consideration of the relative effectiveness various tools to manage flood risk, from investments in risk prevention and public awareness, to the use of risk transfer tools to protect against significant post-disaster costs.

The conference on "The financial management of flood risks: Building financial resilience in a changing climate"  provided an opportunity to exchange knowledge and share experience on effective approaches to managing flood risk.