February 18, 16:00 - 17:00
Title: Risk Auditing: how can we measure progress in disaster reduction?
Speaker: Robert Muir-Wood, Chief Research Officer, Risk Management Solutions & Visiting Professor at the Institute for Risk and Disaster Reduction, University College, London
In the same way we audit accounts we should be auditing disaster risk, nationally and at city level, across all the principal perils. The 2015 Sendai Framework for Disaster Risk Reduction has set itself targets based on empirical performance, comparing 2020-2030 with 2005-2015 yet we know catastrophe loss, as highlighted by the Covid19 pandemic, or the 2010 Haiti earthquake, is too volatile to be adequately captured in a decadal time-sample. Instead risk should be measured for a range of key metrics, principally casualties and economic losses, using representative scenarios, or better probabilistic event sets in catastrophe loss models, fed with time-bounded, low-latency exposure data. Risk audits should be repeated at least once every five years, to demonstrate performance in disaster reduction and adaptation. This talk will consider what is required to mobilise risk auditing, the availability of appropriate models, how low-latency exposure data can be collected, how to translate hazards into impacts through vulnerability functions, who should run the process and how to ensure its independence. Key to the political acceptance of risk auditing is ensuring that targets should be realistic and achievable.
How to attend: When: Feb 18, 2021 16:00 Oslo Topic: Climate Risk Seminar - Risk Auditing: how can we measure progress in disaster reduction
Please click here to join the webinar Passcode: 593321
About the speaker
Robert Muir-Wood, After a first degree in Natural Sciences and a PhD in Earth Sciences from the University of Cambridge, since 1992 Robert has worked on the development of methodologies for catastrophe loss modelling. He has been head of research at Risk Management Solutions since 2003 with a mission to explore new applications for catastrophe modelling and develop models for new areas of risk. He has been technical lead on a number of Catastrophe risk securitizations, was Lead Author for the 2007 4th IPCC Assessment Report and for the 2011 IPCC ‘Special Report on Extremes. He is Chair of the OECD High Level Advisory Board of the International Network on Financial Management of Large Catastrophes. He has written scientific papers on earthquake, flood and windstorm perils and published more than 200 articles. His latest book ‘The Cure for Catastrophe – How we can stop manufacturing natural disasters’ was published in 2016, receiving positive reviews in the New York Times, Science and Nature.