Understanding Risk Management and Risk Financing for Disaster Resilience Training of Trainers (ToT)

Purpose

Given Singapore’s experience and in order to support South-South cooperation for Sendai Framework implementation, Singapore has proposed co-organising with UNDRR this customised training course for officials from the Caribbean Small Island Developing States (SIDS), in collaboration with the CDEMA, to support a strategic and sustainable approach to capacity development in the Caribbean region, one of the most affected regions by natural hazards.

Course Objectives

The objectives of the course will aim to support and strengthen the ongoing efforts of CDEMA and UNDRR to support Caribbean SIDS to enhance their risk financing and resilience by better planning for future large-scale disasters in order to save lives and reduce disaster losses.

Synopsis

The course gives an introduction to the disaster risk management and mitigation, as well as introduces all the main frameworks in the field. It enters into some of the main concepts, such as vulnerability analysis and risk governance, for a more practical concept of risk understanding. Within risk financing, the roles of public and private sectors are introducing and discussed, as well as the central framework of business continuity planning and different risk financing methodologies.

In order to improve the holistic and multi-sector approach of the Caribbean countries towards disaster resilience, a training targeted for the Ministries of Planning and Finance is considered essential for the region. This is expected to engage the above mentioned Ministries into efficient risk financing mechanisms and broaden the understanding of this concept to be a national priority for the whole country, rather than an individual work of a specialized emergency management office.

This course complements the efforts to support the CDM and the DRR Country Work Plans (CWP) / National Plans and will contribute to the achievement of the global targets of the Sendai Framework for Disaster Risk Reduction (2015-2030), including Target E. It also complements the process of Public-Private Partnerships (PPP) for DRR, which is on-going in the region, by improving the PPP understanding of the relevant actors and thus enabling improved national planning and financing towards resilience.

Topics to be covered include:

• Introduction to Disaster Risk Management and Mitigation;
• International and Regional Frameworks for Coherence;
• Vulnerability Analysis;
• Strengthening Disaster Risk Governance;
• Introduction to Risk Financing;
• Risk financing methodologies in private sector;
• Understanding Business Continuity – Importance and Foundational Elements;
• Beyond Business Continuity Planning – Public and private partnerships, and;
• Engaging the Private Sector for Disaster Resilience.