Events
The 2nd International Conference on Asian Catastrophe Insurance
Date: December 8 - 9, 2009
Venue: Litz-Carlton, Financial Street, Beijiing, China
Organized by:
Beijing Normal University
Co-organized by:
Insurance Association of China, National Disaster Reduction Center, World Bank Ministry of Civil Affairs, China
Report 077
Outline
Asia is undergoing rapid economic growth and a commensurately increasing natural hazards catastrophe risk. This has been seen most recently in the May 12, 2008 Wenchuan Earthquake, China and also in Myanmar, Bangladesh, Indonesia, Philippines, Pakistan and other recent catastrophes.
The purpose of the 2nd International Conference on Asian Catastrophe Insurance is to bring together emerging innovations in science and finance in the context of natural hazards risks, to meet Asia’s increasing needs for Cat insurance.
The 2nd International Conference on Asian Catastrophe Insurance is hosted by Beijing Normal University and Kyoto University, with much appreciated and generous support from many sponsors and organizations.
Report
The symposium composed of eight session: “Welcome and Keynote Speech”, “Catastrophes and Science in Asia”, “Catastrophes and Science in China”, “Catastrophe Finance in Asia”, “Catastrophe Finance in China”, “Catastrophe Governance in Asia”, “Catastrophe Governance in China” and “Closing”.
A keynote speech entitled “Interdependency of Science and Risk –Finance in Catastrophe Insurance and Climate Change” is delivered by Prof. Paul R. Kleindorfer, the Wharton School of the University of Pennsylvania. In addition, twenty eight presentations were conducted by the remarkable participants including practitioners and researchers of catastrophe risk management. In the closing session, a round table discussion was conducted and they stated that a risk, especially catastrophe risk in Asia become more important in near future, and integrated approach to tackle with catastrophe risk must be developed, prevailed, and implemented in Asian countries.
