Swiss Re Ambassadors Global Risk Briefing in Singapore

27 Apr 2015

People living in Southeast Asia do not need to be informed of the natural hazards that many of their countries face. Devastating tropical storms have impacted the Philippines, Tonga and Vanuatu in the last two years. In their wake, there were untold dead and countless lives impacted, homes and infrastructure shattered, medical crises and livelihoods destroyed.

The cost of relief, recovery and reconstruction efforts and the resultant financial strain for the impacted governments is overwhelming. There is a growing awareness from governments in the region of the need for increased financial disaster resilience to cope with the aftermath of natural catastrophes. Awareness however, does not necessarily equate to an understanding from government officials on the role that insurance can play in reducing the public sector's contingent liabilities after disaster strikes.

Moses Ojeisekhoba (on the right) and H.E. Mr Thomas Kupfer, Ambassador of Switzerland to Singapore (on the left) having a light-hearted conversation at the briefing

The first annual Swiss Re Singapore Ambassadors Global Risk Briefing was conceived to provide diplomats from the region with an overview on the natural catastrophe risks which their countries face, but more importantly, the value of the public-private partnership model and the use of innovative insurance solutions to make their countries more resilient. Held at the Swiss Club in Singapore on 15 April 2015, the event drew Ambassadors and High Commissioners from countries in Asia Pacific in addition to representatives from other countries.

Read the whole summary on swissre.com.