IDF Risk Modeling and Mapping Group Goals, strategy, and ... · Risk Modeling and Mapping Group...
Transcript of IDF Risk Modeling and Mapping Group Goals, strategy, and ... · Risk Modeling and Mapping Group...
IDF Risk Modeling and Mapping GroupGoals, strategy, and progress update
Claire Souch on behalf of Ian Branagan September 14th 2017
Insurance Development Forum Workgroups
2
Risk Modelling
and Mapping
Group
Insurance Regulation
and Resilience
policies
Technical Advisory Facility
Microinsurance
Indicators and development
metrics for resilience and
insurance
Insurance Investment
and Development
Insurance Education and
Communication
The Insurance Development Forum (IDF), a public-private partnership between leaders of the United Nations (UN), the World Bank Group, and the insurance industry
Insurance Development Forum Workgroups
3
Risk Modelling
and Mapping
Group
Insurance Regulation
and Resilience
policies
Technical Advisory Facility
Microinsurance
Indicators and development
metrics for resilience and
insurance
Insurance Investment
and Development
Insurance Education and
Communication
The Insurance Development Forum (IDF), a public-private partnership between leaders of the United Nations (UN), the World Bank Group, and the insurance industry
“The IDF is committed to contributing to achieving the G7 InsuResilience target of 400 million of the most vulnerable people in developing countries being provided with increased access to direct or indirect insurance coverage against the impacts of climate change and related natural catastrophes by 2020.”
Risk Modeling and Mapping Group Work Streams
4
Catalogue Risk Models
Strategy for filling the
Model and Data gaps
Understand the Problem
space
Develop standards for data & model
interoperability
Develop standards for data
validation
End-to-End Development of
Open Risk Model for 2/3 Pilot Countries
Goal of the RMMG is to further the development of models, data standards and methods of interoperability, and to enable greater understanding, use and availability of risk data and models.
Using methods and practices that are repeatable, scalable, efficient and that reduce duplication.
Risk Modeling and Mapping Group Work Streams
5
Catalogue Risk Models
Strategy for filling the
Model and Data gaps
Understand the Problem
space
Develop standards for data & model
interoperability
Develop standards for data
validation
End-to-End Development of
Open Risk Model for 2/3 Pilot Countries
Goal of the RMMG is to further the development of models, data standards and methods of interoperability, and to enable greater understanding, use and availability of risk data and models.
Using methods and practices that are repeatable, scalable, efficient and that reduce duplication.
Focus is on models, tools and data which are directly applicable to improving the provision of insurance, and insurance style, contingent risk capital solutions as well as to the cause of improving the resiliency of populations and economies to the effects of natural catastrophes.
Risk Modeling and Mapping Group What has been achieved so far & priority actions
6
Catalogue Risk Models
Exposure Data
standards ongoing
Understand the Problem
space
Interoperability conversation
ongoing
Developed strategy proposal
Pilot projects with TAF/German
government ongoing
Collaboration, leverage, connections….
Risk model CatalogueIn partnership with OasisHub, developed and maintain ‘Catrisktools’, a free and open access global directory of catastrophe risk assessment tools. Comprehensive listing of available commercial and non-commercial catastrophe risk models, with information on key model attributes.
Risk Modeling and Mapping Group What has been achieved so far & priority actions
7
Catalogue Risk Models
Exposure Data
standards ongoing
Understand the Problem
space
Interoperability conversation
ongoing
Developed strategy proposal
Pilot projects with TAF/German
government ongoing
Collaboration, leverage, connections….
Risk model CatalogueIn partnership with OasisHub, developed and maintain ‘Catrisktools’, a free and open access global directory of catastrophe risk assessment tools. Comprehensive listing of available commercial and non-commercial catastrophe risk models, with information on key model attributes.
Creation of online directory to help ‘Understand the problem space’ Searchable online directory of user questions on disaster risk data and modelling, each with a corresponding response. Free and open-access expert guidance on catastrophe risk modelling for financial protection. Early stages
Risk Modeling and Mapping Group What has been achieved so far & priority actions
8
Catalogue Risk Models
Exposure Data
standards ongoing
Understand the Problem
space
Interoperability conversation
ongoing
Developed strategy proposal
Pilot projects with TAF/German
government ongoing
Collaboration, leverage, connections….
Risk model CatalogueIn partnership with OasisHub, developed and maintain ‘Catrisktools’, a free and open access global directory of catastrophe risk assessment tools. Comprehensive listing of available commercial and non-commercial catastrophe risk models, with information on key model attributes.
Creation of online directory to help ‘Understand the problem space’ Searchable online directory of user questions on disaster risk data and modelling, each with a corresponding response. Free and open-access expert guidance on catastrophe risk modelling for financial protection. Early stages
Development of a globally applicable multi-hazard exposure databaseRMMG members lead and advise on the development of a new multi-hazard database schema for global exposure data, being developed under the GFDRR-DFID Challenge Fund.
Risk Modeling and Mapping Group What has been achieved so far & priority actions
9
Catalogue Risk Models
Exposure Data
standards ongoing
Understand the Problem
space
Interoperability conversation
ongoing
Developed strategy proposal
Pilot projects with TAF/German
government ongoing
Collaboration, leverage, connections….
Risk model CatalogueIn partnership with OasisHub, developed and maintain ‘Catrisktools’, a free and open access global directory of catastrophe risk assessment tools. Comprehensive listing of available commercial and non-commercial catastrophe risk models, with information on key model attributes.
Creation of online directory to help ‘Understand the problem space’ Searchable online directory of user questions on disaster risk data and modelling, each with a corresponding response. Free and open-access expert guidance on catastrophe risk modelling for financial protection. Early stages
Development of a globally applicable multi-hazard exposure databaseRMMG members lead and advise on the development of a new multi-hazard database schema for global exposure data, being developed under the GFDRR-DFID Challenge Fund.
Data standards, & model validation, interoperabilityFacilitating and supporting discussion on development of model and data standards, model validation, and on improving model and data interoperability.
Risk Modeling and Mapping Group What has been achieved so far & priority actions
10
Catalogue Risk Models
Exposure Data
standards ongoing
Understand the Problem
space
Interoperability conversation
ongoing
Developed strategy proposal
Pilot projects with TAF/German
government ongoing
Collaboration, leverage, connections….
Risk model CatalogueIn partnership with OasisHub, developed and maintain ‘Catrisktools’, a free and open access global directory of catastrophe risk assessment tools. Comprehensive listing of available commercial and non-commercial catastrophe risk models, with information on key model attributes.
Creation of online directory to help ‘Understand the problem space’ Searchable online directory of user questions on disaster risk data and modelling, each with a corresponding response. Free and open-access expert guidance on catastrophe risk modelling for financial protection. Early stages
Development of a globally applicable multi-hazard exposure databaseRMMG members lead and advise on the development of a new multi-hazard database schema for global exposure data, being developed under the GFDRR-DFID Challenge Fund.
Data standards, & model validation, interoperabilityFacilitating and supporting discussion on development of model and data standards, model validation, and on improving model and data interoperability.
Pilot Projects with KFW and Technical Advisory Facility (TAF)Supporting the Development of specific pilot projects from the KFW Solutions fund of the BMZ in Germany. Pilot countries include Vietnam, Bangladesh, Sri Lanka, and Pakistan
11
Structures and
Resources
Leverage and
Collaborate
Inter-operability
Data and model
Standards
Connections
Pilots
Strategic programme proposed by the RMMG is to provide comprehensive coverage and inclusive access to risk models across un-modelled emerging and developing countries.
The Challenges: Currently the development of models and the data to feed them is demand led on a case-by-case basis. Resulting in : • Absence of models and data• Duplication of effort, inadequate sharing and poor re-usability• Lack of standards for model and data creation and usage. Fragmented and inconsistent
approaches from model developers and users. Leading to uncertain quality and confidence
Risk Modeling and Mapping Group Strategic Model and Data Proposal
12
Structures and
Resources
Leverage and
Collaborate
Inter-operability
Data and model
Standards
Connections
Pilots
Strategic programme proposed by the RMMG is to provide comprehensive coverage and inclusive access to risk models across un-modelled emerging and developing countries.
The Challenges: Currently the development of models and the data to feed them is demand led on a case-by-case basis. Resulting in : • Absence of models and data• Duplication of effort, inadequate sharing and poor re-usability• Lack of standards for model and data creation and usage. Fragmented and inconsistent
approaches from model developers and users. Leading to uncertain quality and confidence
How the RMMG will address these challenges: • Connecting with experts and practitioners from Industry, governments, international
institutions, NGO’s and academia. Global Partnerships (DFiD, WB, BMZ, IDF TAF, others), GFDRR ‘Challenge’ fund, OASIS community, NERC, UKMO, RADRR, Academia, Industry Community, Public sector Community, Lloyd’s DRF, and others
• Propagating the interoperability and standards agenda through hosted workshops and contributing to various industry/public initiatives
• Deliver planned activities and key goals through the World Bank, DFID and KFW global partnership mechanism.
Risk Modeling and Mapping Group Strategic Model and Data Proposal
13
Structures and
Resources
Leverage and
Collaborate
Inter-operability
Data and model
Standards
Connections
Pilots
Strategic programme proposed by the RMMG is to provide comprehensive coverage and inclusive access to risk models across un-modelled emerging and developing countries.
The Challenges: Currently the development of models and the data to feed them is demand led on a case-by-case basis. Resulting in : • Absence of models and data• Duplication of effort, inadequate sharing and poor re-usability• Lack of standards for model and data creation and usage. Fragmented and inconsistent
approaches from model developers and users. Leading to uncertain quality and confidence
How the RMMG will address these challenges: • Connecting with experts and practitioners from Industry, governments, international
institutions, NGO’s and academia. Global Partnerships (DFiD, WB, BMZ, IDF TAF, others), GFDRR ‘Challenge’ fund, OASIS community, NERC, UKMO, RADRR, Academia, Industry Community, Public sector Community, Lloyd’s DRF, and others
• Propagating the interoperability and standards agenda through hosted workshops and contributing to various industry/public initiatives
• Deliver planned activities and key goals through the World Bank, DFID and KFW global partnership mechanism.
Key initial deliverable for Strategic model build programme: • Supporting KFW Solutions fund and BMZ/TAF pilot projects to Identify existing models and
gaps where modelling is required.
Risk Modeling and Mapping Group Strategic Model and Data Proposal
OASIS Platform for Asia Risk Assessment
• Proposal to build two open-access cat models for:• Bangladesh Cyclone
• Philippines flood
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Example: The Philippines
16
Mr. Augusto Hidalgo - President and Chief Executive Officer of National Reinsurance Corporation of the Philippines (NRCP)
Example: The Philippines
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A Template For Other Countries?
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