UNB, Dhaka :
Policymakers and experts have emphasised developing risk modelling and expanding the insurance sector to tackle natural calamities in Bangladesh.
This modelling will contribute to fill the gaps in information necessary to reduce the cost incurred from disasters. Furthermore, public-private-partnership can also strengthen the disaster risk governance mechanism in Bangladesh.
They were speaking at a webinar on ‘Risk Modelling for Improved Disaster Risk Governance in Bangladesh’ on Thursday, jointly organised by IUCN Bangladesh, Oasis Loss Modelling Framework Limited and Bangladesh University of Engineering and Technology (BUET).
The Webinar focused on the challenges and opportunities of risk modelling for improved disaster risk governance by both state and non-state actors in Bangladesh, including the private sector.
The critical priorities for potential investment and possible partnership options for strengthening disaster risk modelling and financing activities are also critical priorities.
Md Mohsin, Secretary of Disaster Management and Relief Ministry, was the chief guest of the webinar where A Shamim Al Razi, Additional Secretary, Ministry of Environment, Forest and Climate Change was the special guest.
Professor AKM Saiful Islam of the Institute of Water and Flood Management (IWFM) of BUET gave a keynote presentation.
Dr Claire Souch, Consultant, Oasis Loss Modelling Framework, London, Runa Khan, Executive Director, Friendship Bangladesh, and Farzanah Chowdhury, Managing Director & CEO, Green Delta Insurance Company Limited were the panelists of the discussion.
Every year, the International Day for Disaster Risk Reduction is observed in October to promote a global disaster risk reduction culture. It is observed as part of the Sendai Framework for Disaster Risk Reduction 2015-2030 adopted at the Third UN World Conference on Disaster Risk Reduction in 2015.
This year’s theme is to convey the message that many disasters can be avoided or prevented if there are disaster risk reduction strategies in place to manage and reduce existing levels of risk and avoid the creation of new risk. This amounts to “good disaster risk governance.”
To celebrate this day, Raquibul Amin, Country Representative of IUCN Bangladesh, initiated the discussion of the webinar. He highlighted that risk modelling is a comparatively new field in Bangladesh and gaining considerable attention due to the increasing trend of disasters and losses. It signifies the necessity to avail sufficient data to make informed decisions about disasters across various sectors.
Dr Claire Souch, Consultant, Oasis Loss Modelling Framework, stated that as the disaster risk landscape is changing, gathering timely and adequate data is indispensable.
Professor Islam of IWFM stated that Bangladesh has a globally known role model in disaster management.
Highlighting the role of the Bangladesh government in disaster management, Md Mohsin mentioned that the government had provided many social security schemes to the vulnerable communities.
Dr Saleemul Huq, Director, International Centre for Climate Change and Development (ICCCAD), said that climate change would make disasters even worse in the future with unpredictable climate variability and risks.
Runa Khan, Executive Director, Friendship Bangladesh, mentioned that quantification of losses at the individual level is also essential.
Raquibul Amin reiterated the main messages from the discussion and stated that the recommendations would be shared with government officials and other concerned stakeholders to take further action.
Policymakers and experts have emphasised developing risk modelling and expanding the insurance sector to tackle natural calamities in Bangladesh.
This modelling will contribute to fill the gaps in information necessary to reduce the cost incurred from disasters. Furthermore, public-private-partnership can also strengthen the disaster risk governance mechanism in Bangladesh.
They were speaking at a webinar on ‘Risk Modelling for Improved Disaster Risk Governance in Bangladesh’ on Thursday, jointly organised by IUCN Bangladesh, Oasis Loss Modelling Framework Limited and Bangladesh University of Engineering and Technology (BUET).
The Webinar focused on the challenges and opportunities of risk modelling for improved disaster risk governance by both state and non-state actors in Bangladesh, including the private sector.
The critical priorities for potential investment and possible partnership options for strengthening disaster risk modelling and financing activities are also critical priorities.
Md Mohsin, Secretary of Disaster Management and Relief Ministry, was the chief guest of the webinar where A Shamim Al Razi, Additional Secretary, Ministry of Environment, Forest and Climate Change was the special guest.
Professor AKM Saiful Islam of the Institute of Water and Flood Management (IWFM) of BUET gave a keynote presentation.
Dr Claire Souch, Consultant, Oasis Loss Modelling Framework, London, Runa Khan, Executive Director, Friendship Bangladesh, and Farzanah Chowdhury, Managing Director & CEO, Green Delta Insurance Company Limited were the panelists of the discussion.
Every year, the International Day for Disaster Risk Reduction is observed in October to promote a global disaster risk reduction culture. It is observed as part of the Sendai Framework for Disaster Risk Reduction 2015-2030 adopted at the Third UN World Conference on Disaster Risk Reduction in 2015.
This year’s theme is to convey the message that many disasters can be avoided or prevented if there are disaster risk reduction strategies in place to manage and reduce existing levels of risk and avoid the creation of new risk. This amounts to “good disaster risk governance.”
To celebrate this day, Raquibul Amin, Country Representative of IUCN Bangladesh, initiated the discussion of the webinar. He highlighted that risk modelling is a comparatively new field in Bangladesh and gaining considerable attention due to the increasing trend of disasters and losses. It signifies the necessity to avail sufficient data to make informed decisions about disasters across various sectors.
Dr Claire Souch, Consultant, Oasis Loss Modelling Framework, stated that as the disaster risk landscape is changing, gathering timely and adequate data is indispensable.
Professor Islam of IWFM stated that Bangladesh has a globally known role model in disaster management.
Highlighting the role of the Bangladesh government in disaster management, Md Mohsin mentioned that the government had provided many social security schemes to the vulnerable communities.
Dr Saleemul Huq, Director, International Centre for Climate Change and Development (ICCCAD), said that climate change would make disasters even worse in the future with unpredictable climate variability and risks.
Runa Khan, Executive Director, Friendship Bangladesh, mentioned that quantification of losses at the individual level is also essential.
Raquibul Amin reiterated the main messages from the discussion and stated that the recommendations would be shared with government officials and other concerned stakeholders to take further action.
