How can anticipatory aid for climate-vulnerable communities mitigate disaster risk?

Climate change fuels many types of disaster, far outstripping the capacity of humanitarian aid to address the impacts. Funded by donors including the Swiss Re Foundation, Start Ready stretches aid dollars by pooling risks across geographies and types of disaster and by using reinsurance to hedge against large losses. In this video, Start Network colleagues and partners in the Philippines describe how the mechanism was implemented to mitigate typhoon Doksuri’s risk.

Learn more about how Swiss Re Foundation is making an impact: https://www.swissrefoundation.org/what-we-do/achievements/Impact-Stories/Disaster-ready-from-the-start.html

*Swiss Re*
The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

#naturaldisaster #riskmanagement #foundation #insurance

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