The Role of Formal and Informal Insurance Mechanisms for Reducing Urban Disaster Risk: A South-North Comparison

Forskningsoutput: TidskriftsbidragArtikel i vetenskaplig tidskrift

Standard

The Role of Formal and Informal Insurance Mechanisms for Reducing Urban Disaster Risk: A South-North Comparison. / Wamsler, Christine; Lawson, Nigel.

I: Housing Studies, Vol. 26, Nr. 2, 2011, s. 197-223.

Forskningsoutput: TidskriftsbidragArtikel i vetenskaplig tidskrift

Harvard

APA

CBE

MLA

Vancouver

Author

RIS

TY - JOUR

T1 - The Role of Formal and Informal Insurance Mechanisms for Reducing Urban Disaster Risk: A South-North Comparison

AU - Wamsler, Christine

AU - Lawson, Nigel

N1 - special issue on ‘Disasters, Housing and Actuarialism: On the Securitisation of Risk'

PY - 2011

Y1 - 2011

N2 - Climate change and disaster pose a serious and growing risk to sustainable urban development planning, with disasters having quadrupled in the last three decades. The extent of the changing climatic conditions, in combination with growing urbanisation, is making both Southern and Northern institutions and associated social security and governance systems increasingly inadequate in dealing with extreme weather events. This results in an urgent need to discover innovative ways to adapt “outdated” institutional responses and to increase local-level engagement. This paper analyses current risk financing mechanisms at local and institutional levels in both a Southern and a Northern city (San Salvador and Manchester respectively). The North’s dependency on insurance fails to contribute to resilience whereas the South’s reliance on nongovernmental aid organisations (NGOs) has driven a range of bottom-up approaches that support improved risk reduction. Although measures for risk financing are still not part of the NGOs’ repertoire, this provides lessons from which Northern cities could also learn.

AB - Climate change and disaster pose a serious and growing risk to sustainable urban development planning, with disasters having quadrupled in the last three decades. The extent of the changing climatic conditions, in combination with growing urbanisation, is making both Southern and Northern institutions and associated social security and governance systems increasingly inadequate in dealing with extreme weather events. This results in an urgent need to discover innovative ways to adapt “outdated” institutional responses and to increase local-level engagement. This paper analyses current risk financing mechanisms at local and institutional levels in both a Southern and a Northern city (San Salvador and Manchester respectively). The North’s dependency on insurance fails to contribute to resilience whereas the South’s reliance on nongovernmental aid organisations (NGOs) has driven a range of bottom-up approaches that support improved risk reduction. Although measures for risk financing are still not part of the NGOs’ repertoire, this provides lessons from which Northern cities could also learn.

KW - planning

KW - insurance

KW - risk financing

KW - Disaster risk reduction

KW - climate change

KW - social housing

U2 - 10.1080/02673037.2011.542087

DO - 10.1080/02673037.2011.542087

M3 - Article

VL - 26

SP - 197

EP - 223

JO - Housing Studies

JF - Housing Studies

SN - 1466-1810

IS - 2

ER -