Integrating natural disaster risks and resilience into the financial system

This concept note, produced for consultation and feedback among expert groups and stakeholders as part of the programme of open research, public science and discussion supported by the Willis Research Network (WRN), introduces a relatively simple intervention to deliver significant progress in natural disaster resilience and the protection of basic rights at local and global scales; via public, private and mutual sectors across immediate and longer term time horizons.

The note outlines the lessons learned in the global insurance and reinsurance sector, and argues that the essence of a response is acknowledging that exposure to natural disaster risk will progressively discount the value of assets; while natural disaster resilience will progressively increase the value of assets.