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Investigating the Impact of Climate Change of the Robustness of Index-based Microinsurance in Malawi
Abstract: This analysis explores the potential impact of climate change on the viability of the Malawi weather insurance program making use of scenarios of climate change-induced variations in rainfall patterns. The analysis is important from a methodological and policy perspective. By combining catastrophe insurance modeling with climate modeling, the methodology demonstrates the feasibility, albeit with large uncertainties, of estimating the effects of climate change on the near and long-term future of microinsurance schemes serving the poor. By providing a model-based estimate of the incremental role of climate change, along with the associated uncertainties, this methodology can quantitatively demonstrate the need for financial assistance to protect micro-insurance pools against climate-change induced insolvency. This is of major concern to donors, nongovernmental organizations, and others supporting these innovative systems; those actually at-risk; and insurers. A quantitative estimate of the additional burden that climate change imposes on weather insurance for poor regions is of interest to organizations funding adaptation.
Risk Analysis and Society
This new book views risk analysis as one important basis for informed debate, policy decisions and governance regarding risk issues within societies. Its twelve chapters provide interdisciplinary insights about the fundamental issues in risk analysis for the beginning of a new century. The chapter authors are some of the leading researchers in the broad fields that provide the basis for the risk analysis, including the social, natural, medical, engineering and physical sciences. They address a wide range of issues, including: new perspectives on uncertainty and variability analysis, exposure analysis and the role of precaution, environmental risk and justice, risk valuation and citizen involvement, extreme events, the role of efficiency in risk management, and the assessment and governance of transboundary and global risks. The book will be used as a starting point for discussions at the 2003 First World Congress on Risk, to be held in Brussels.
Analysing and Aiding Decision Processes
This book contains an edited selection of papers presented at the Eighth Research Conference on Subjective Probability, Utility and Decision Making, held in Budapest. Together they span a wide range of new developments in studies of decision making, the practice of decision analysis and the development of decision-aiding technology.The volume is arranged in sections: Societal Decision Making; Organizational Decision Making; Aiding the Structuring of Small Scale Decision Problems, and Tracing Decision Processes.The emphasis is on decision processes and structures and their applications, rather than formal modelling in isolation, thus reflecting current developments in research and practice which follow from the understanding of the nature and operation of decision theoretical models gained during the 1970's.The fifth section, A Symposium on the Validity of Studies on Heuristics and Biases, is of a different nature. The papers take stock of the considerable volume of work investigation ``heuristics and biases'' in decision making over the past decade, and their implication for theory and practice.
Learning from Catastrophes
Events ranging from Hurricane Katrina to the global economic crisis have taught businesspeople an unforgettable lesson: if you don’t plan for “extreme risk,” you endanger your organization’s very survival. But how can you plan for events that go far beyond anything that occurs in normal day-to-day business? In Learning from Catastrophes, two renowned experts present the first comprehensive strategic framework for assessing, responding to, and managing extreme risk. Howard Kunreuther and Michael Useem build on their own breakthrough work on mitigating natural disasters, extending it to the challenges faced by real-world enterprises. Along with the contributions of leading experts in r...
Nature-Based Solutions in Supporting Sustainable Development Goals
This book catalogs the evidence based on the social, economic and environmental effectiveness of Nature based Solutions (NbS) to face environmental challenges and simultaneously provide a better understanding of associated social-ecological interactions.NbS are reframing discussion and policy responses worldwide to environmental challenges. The concept builds on and complements other closely related concepts, such as the ecosystem approach, ecosystem services, ecosystem-based adaptation/mitigation, disaster risk reduction, sponge cities, and green/blue infrastructures. The quantification of existing NbS' effectiveness, their operationalization and replication in different environmental setti...
Managing International Risk
Issues addressed include the prospects for foreign exchange crises, trade wars, international banking crises, and oil shortages.
Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation
Extreme weather and climate events, interacting with exposed and vulnerable human and natural systems, can lead to disasters. This Special Report explores the social as well as physical dimensions of weather- and climate-related disasters, considering opportunities for managing risks at local to international scales. SREX was approved and accepted by the Intergovernmental Panel on Climate Change (IPCC) on 18 November 2011 in Kampala, Uganda.
Governing Disasters
'The challenges posed by risky decisions are well documented. These decisions become even more daunting when they must be made in a midst of a crisis. Using the European volcanic risk crisis as the principal case study, Alberto Alemanno and the other contributors to this thought provoking volume derive valuable lessons for how policy makers can cope with the attendant time pressures, uncertainties, coordination issues, and risk communication problems. Once the next emergency risk situation occurs, it may be too late to learn about how to respond. Governing Disasters should be required reading for all policy makers and risk analysts in advance of the next international risk crisis.' – W. Ki...
Towards the “Perfect” Weather Warning
This book is about making weather warnings more effective in saving lives, property, infrastructure and livelihoods, but the underlying theme of the book is partnership. The book represents the warning process as a pathway linking observations to weather forecasts to hazard forecasts to socio-economic impact forecasts to warning messages to the protective decision, via a set of five bridges that cross the divides between the relevant organisations and areas of expertise. Each bridge represents the communication, translation and interpretation of information as it passes from one area of expertise to another and ultimately to the decision maker, who may be a professional or a member of the pu...
