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Risk Frontiers is an independent research centre sponsored by the insurance industry to aid better understanding and pricing of natural hazard risks in the Asia-Pacific region.
It was founded in 1994 to service the specialized needs of its sponsors in the local insurance and international reinsurance markets. Its aims were to:
- undertake risk assessment and research into natural hazards,
- develop databases of natural hazards and their impacts on communities and
- insured assets, and
- develop loss models to improve the pricing of natural hazard catastrophe risks.
These activities remain the core business of Risk Frontiers today, although it now undertakes studies on a much wider range of risk-related problems and for a client base that extends well beyond the insurance sector. It is the preferred provider of research to the NSW State Emergency Service and works with various government agencies and a number of corporate and utility organisations on risk-related issues.
The Sendai Framework Voluntary Commitments (SFVC) online platform allows stakeholders to inform the public about their work on DRR. The SFVC online platform is a useful toolto know who is doing what and where for the implementation of the Sendai Framework, which could foster potential collaboration among stakeholders. All stakeholders (private sector, civil society organizations, academia, media, local governments, etc.) working on DRR can submit their commitments and report on their progress and deliverables.