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08 February 2017  

ICCG Webinar on "The Triple Dividend of Resilience – A New Business Case for Disaster Risk Management"     

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 Online webinar

Event's Timetable: h. 15.00 Online Webinar
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Swenja Surminski, Grantham Research Institute on Climate Change and the Environment
Swenja Surminski is a Senior Research Fellow at the Grantham Research Institute on Climate Change and the Environment, part of the London School of Economics and Political Science (LSE, where she works as Programme Leader for the ‘climate risk, insurance and private sector’ work-stream at the institute, overseeing research projects from a multi-disciplinary field. Her research focuses on climate adaptation and disaster risk reduction with a special interest in the role of the private sector. The geographic scope of her works spans from the United Kingdom across the European Union to developing countries. Swenja has published widely, is contributing author to the IPCC, and works closely with industry and policy makers at a global level, in a developing country context, across the EU and within the UK. In addition to her academic career Swenja spent more than ten years in the insurance industry working on climate and risks management, including roles at Munich Re, Marsh Mc Lennon and the Association of British Insurers.


Why aren’t we investing more in disaster resilience, despite the rising costs of disaster events? Decision-makers in governments, businesses, households, and development agencies tend to focus on avoiding losses from disasters, and perceive the return on investment as uncertain – only realised if a somewhat unlikely disaster event actually happens. The webinar presents a new business case for Disaster Risk Management based on the multiple dividends of resilience. This looks beyond only avoided losses (the first dividend) to the wider benefits gained independently of whether or not the disaster event occurs. These include unleashing entrepreneurial activities and productive investments by lowering the looming threat of losses from disasters and enabling businesses, farmers and homeowners to take positive risks (the second dividend); and co-benefits of resilience measures beyond just disaster risk (the third dividend), such as flood embankments in Bangladesh that double as roads, or wetlands in Colombo that reduce urban heat extremes. The discussion will also reflect on recent efforts to build a stronger business case for resilience in the private sector including the insurance sector. The webinar outlines the concept and illustrates the different dividends, based on a new book ‘Realising the Triple Dividend of Resilience’