Programme

THE ECONOMICS OF MANAGING MAJOR CATASTROPHES

New Catalysts for Change
Panel
Pavilion 3, Amphitheatre

The enormous costs of natural and man-made disasters are forcing governments and companies to see safety in a different light. Incentives are too often directed towards responding to disasters, rather than crisis prevention. How might technological advances and adjusting financial incentives lead to mitigating risk and a more balanced approach to managing crises?

Moderator:
Margareta Wahlström , Special Representative of the UN Secretary-General for Disaster Risk Reduction

Panellists
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Vladimir Puchkov , Minister of the Russian Federation of Civil Defense, Emergencies and Elimination of Consequences of Natural Disasters
Alexey Repik , President, Delovaya Rossiya (Business Russia)

Broadcast

Key moments

We see that the transfer of some risk (from the government) to the insurance and capital markets is an efficient tool to diversify the risk across the globe.
Reto Schnarwiler
Well-insured catastrophes can be inconsequential or even positive to economic activity.
Reto Schnarwiler
Today there are already more than 300,000 businesses in the Russian Federation that are insured and taking all the necessary measures to anticipate, prevent and reduce risks.
Vladimir Puchkov