The Development Impact of Risk Analytics

Organisation:
Insurance Development Forum (IDF)
The Development Impact of Risk Analytics_IDF

This report aims to view that the ability to analyse risk should be shared more widely than it currently is, particularly for public sector decision-makers and other risk owners in climate-vulnerable countries. This can be achieved through cross-sector partnership, use of already available open source technology and the application of open modelling principles.

The report’s key objectives are:

  • To demonstrate the value of quantitative risk understanding to the achievement of the UN Sustainable Development Goals.
  • To describe the benefits and challenges of building capacity for quantitative risk insight at country and city levels.
  • To illustrate necessary future developments, including the application of risk analytics to unmodelled impacts, and the integration of gender considerations in risk management.
  • To offer practical recommendations to make this both possible and effective through joint application of cross-sector strengths and resources.