World Meteorological Organization New Initiative to Support the CAT Insurance and Weather Risk Management Markets By Maryam Golnaraghi, Ph.D. Chief of Disaster Risk Reduction Programme “WMO EXPERT MEETING ON REQUIREMENTS OF THE CATASTROPHE INSURANCE AND WEATHER RISK MANAGEMENT MARKETS”
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
New Initiative to Support the CAT Insurance and Weather Risk Management Markets
Maryam Golnaraghi, Ph.D.
Chief of Disaster Risk Reduction Programme
“WMO EXPERT MEETING ON REQUIREMENTS OF THE CATASTROPHE INSURANCE AND WEATHER RISK MANAGEMENT MARKETS”
5-7 December 2007
Brief Overview of WMO- Specialized Scientific and Technical Agency of the United Nations Responsible for Observing, Monitoring, Detecting, Forecasting and Warnings of Meteorological, Hydrological and Climate Conditions- 188 Members, Represented by the Heads of the National Meteorological and Hydrological Services at the WMO Governing Bodies
Primary mandate for: Severe storms, tropical cyclones (hurricanes and typhoons), storm surges, floods, cold spells, heat waves, cold waves, droughts, volcanic ash transport, air pollution, Sand and dust storms, etc.
Contributing to: Forest fires, locust swarms, health epidemics, tsunami, etc…
Research Side: Weather, Climate and Water … International Coordination of Scientific Research and Assessment
World Climate Research Programme (WCRP)
World Weather Research Programme (WWRP)/THORPEX
Coordinated Satellite Activities
Global Observing System
Global Telecommunication System
Global Data Exchange:
WMO Resolutions 40 and 25
Global Data Processing and Forecasting
International & regional level:
Global Telecommunication System
and Hydrological Services
Governance and Organizational Coordination and Cooperation
Risk Identification and Assessment
(Prevention & Mitigation)
Early Warning Systems
Emergency Preparedness & Planning
Education and training
Historical hazard data, analysis and changing hazard trends
Cat Insurance and Bond Markets
Information and Knowledge Sharing
Strong Wind Telecommunication System
Coastal Marine Hazards
Heavy rainfall / Flood
and MitigationIncreasing Risks under a Changing Climate
Exposure is increasing !
Input into probabilistic risk modeling ….
Initiation of “Hazard Programme” of NMHSs in 2008.
Risk reduction through mitigation, prevention and preparedness…
Global Survey of Scientific and Technical Capacities in Support of Disaster Risk Reduction
Large Variation in Technical Capacities of National Meteorological and and Hydrological Services …
139 out of 187 Members (74 %) responded
Development of these capacities should be considered as an investment for enhanced risk management and economic development.
New Book: national level“Managing Weather and Climate Risks Through Financial Risk Transfer Markets” (to be Released in 2008)Planning Details Will be Released Week After the Expert Meeting