Insurance seen as vital element of disaster risk reduction

Posted on November 24, 2017  /  0 Comments

The role of insurance and zoning was discussed at a video conference we organized shortly after the 2004 Indian Ocean Tsunami. I wrote up some of the insights that were shared in my Choices column shortly thereafter.

It’s good to see that knowledge informing the thinking of the Deputy Minister of National Policies and Economic Affairs:

There was a need to introduce disincentives to prevent construction of buildings in places that are disaster prone, he said.

Providing more people disaster insurance was also important, De Silva said.

“We need to not only prepare for post-disaster insurance but prevent probability of people being subject to disaster.”

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