Rapid Assessment for Resilient Recovery and ... - GFDRR

C. Institutional Reform
Long-term needs
Disaster management capacity
building
Institutional capacity building for
longer term planning
Revise DRM policies
Restore accountability and
transparency
D. Disaster Risk Financing
Medium -term needs
Assessment of the fiscal risk as part
of the broader fiscal risk assessment
strategy
Financial management of the budget
volatility associated with natural
disasters
Development of an insurance
program for public assets
Promotion of the property catastrophe
risk insurance market for private
dwellings and SMEs
Promotion of agricultural insurance
Recommendations and suggested activities
- Enhance trainings on multi-hazard disaster management from national to
community level
-Facilitate emergency response and preparedness capacity building for
communities, and strengthen ERT, OTOS and civil defense volunteers
- DRM-related legal settings could be revised so that governmental
agencies, defense, NGOs, private sector and civil society could work in
more integrated manner. Clear operational procedures should also be
developed.
- Civil society and media engagement for consistent information strategy to
raise public confidence for longer term recovery
Recommendations and suggested activities
- Conduct a detailed analysis of the explicit and implicit contingent liability of
the state associated with natural disasters, including the development of
probabilistic catastrophe risk models for major perils
- Estimate the short term spending needs in the aftermath of a disaster and
develop plans to address any potential liquidity gap, preferably through
retention and risk transfer
- Identify and prioritize critical public assets and develop a catastrophe risk
insurance program for those assets
- Develop a property catastrophe risk (re)insurance pool, supported by the
government, that allows domestic insurers to pool their catastrophe risks
and access the international market with a single, more diversified portfolio
- Develop an agricultural insurance pool for the sector as a whole
256 THAI FLOOD 2011 RAPID ASSESSMENT FOR RESILIENT RECOVERY AND RECONSTRUCTION PLANNING