The 2017 hurricane season vividly illustrated the tremendous human and economic cost of natural disasters. Hurricanes Irma and Maria devastated the lives and livelihoods of vulnerable people in the Caribbean. Vast sums of financial assistance is needed to reconstruct the islands’ infrastructure, economies, and buildings.
How can we make these funds go further? What could have been done to reduce the devastation? How do we ensure we “build back better”, reducing the impacts of future events? And can those potential future losses be effectively collateralized in the capital markets in a way which effectively incentivizes risk-reducing investments upfront?
These questions are at the heart of the Centre for Global Disaster Protection’s focus on resilient recovery and reconstruction.
They are at the heart of new analysis commissioned from RMS by the U.K. Government.
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