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Building Risk Resilience Through Digital Technology

Joy Blessilda Sinay (Asian Development Bank Institute (ADBI)), Tetsushi Sonobe (Asian Development Bank Institute (ADBI)), Min Hung Cheng (Global Asia Insurance Partnership (GAIP)), John Maroney (Global Asia Insurance Partnership (GAIP)), Shinichi Kamiya (Nanyang Technological University (NTU)), Edmond Y. Lo (Institute of Catastrophe Risk Management)

Abstract

The increasing incidence of disasters and the emergence of other risks are widening protectiongaps, particularly in developing countries where resources and institutions often fall short ofwhat is needed. To soften the burden on governments and households, it is important to findinnovative solutions that will strengthen countries’ resilience and, therefore, narrow associatedprotection gaps. The first step is to evaluate the risks, estimate the protection gaps, and come up with policy solutions. However, the basic requirements for the reliable assessment of risksand gaps are quality data and tools, which are lacking in the majority of developing countries. ThisPolicy Brief aims to address these challenges and requests the G7 to strengthen the mechanismswhich are necessary for evaluating risks and developing appropriate policy responses, and toidentify a core group of key policymakers, private sector players and researchers that will drivethe agenda forward.

Authors

Joy Blessilda Sinay (Asian Development Bank Institute (ADBI)), Tetsushi Sonobe (Asian Development Bank Institute (ADBI)), Min Hung Cheng (Global Asia Insurance Partnership (GAIP)), John Maroney (Global Asia Insurance Partnership (GAIP)), Shinichi Kamiya (Nanyang Technological University (NTU)), Edmond Y. Lo (Institute of Catastrophe Risk Management)

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