Risk sharing in flood management

This publication is part of the Flood Management Tools Series being compiled by the Associated Programme on Flood Management. 

Integrated Flood Management (IFM) aims to minimize loss of life from flooding while maximizing the net benefits derived from floodplains. With IFM, the management of flood risks is based on a judicious combination of measures that address risk reduction, retention and transfer through a strategic mix of structural and non-structural measures for preparedness, response and recovery. Decisions have to be made on how to share the cost of taking risk placed on society among governments (central, regional and local governments), interested parties (such as private companies), communities and individuals. This tool is primarily aimed at flood managers and in particular those that are involved in formulating flood management strategies and policies. It attempts to provide rapid access to information on risk sharing mechanisms as part of the overall flood management strategy.