The Integrated Approach to Disaster Risk Management
The video introduces Mia, a small hotel owner living in a region vulnerable to hurricanes and flooding. These natural hazards can trap people in poverty, but there are ways to build resilience through a structured disaster risk management approach that includes risk transfer solutions like insurance.
It outlines five key steps to protect individuals and communities:
Prevention – Assess risk and take actions like strengthening buildings and improving infrastructure to reduce vulnerability.
Addressing Residual Risk – Use pre-disaster financing like microinsurance or weather index insurance to cover unavoidable risks.
Preparation – Stockpile supplies, create emergency plans, and establish early warning systems to ensure readiness.
Response – Act quickly during a disaster with rescue efforts, shelter, and infrastructure repair using available funds.
Recovery – Rebuild smarter using savings, insurance payouts, and government aid to prevent future damage.
By following this approach and working together, individuals like Mia, along with communities and governments, can reduce the impact of natural hazards and avoid disasters.
