Briefing note on systemic risks – world

All disaster risks are systemic, all their impact is systemic… But what does that mean?

An earthquake shakes the ground and buildings fall. It may sound simple, but we know it’s more complicated than that.

Why are some disasters more harmful than others? What are the secondary effects of the damage? How do we assess damage when the effects of a disaster reverberate across systems? How do we analyze risk when drivers come from settlement patterns, inequality and poverty, building and enforcement standards, climate, public investment, and regulation?

The United Nations Office for Disaster Risk Reduction (UNDRR) and the International Scientific Council and Risk Knowledge Action Network (Risk-KAN) explain how we should think differently about systemic risk formation in the new Systemic Risk Briefing Note

Systemic impact in Haiti

When the earthquake in Haiti shook the ground on January 12, 2010 and caused buildings to fall, more than 250,000 homes, 30,000 commercial buildings and many government buildings were severely damaged.

Of course, the damage just exceeded the buildings. Between 100,000 and 300,000 people were killed and more than three million were directly affected. All hospitals in the capital were damaged, as were all sea, air and land transportation systems, and communications infrastructure was disrupted.

The education minister said the education system had “completely collapsed” resulting in the loss of millions of school days. A fifth of jobs are gone and an already weak economy falters. A large-scale cholera outbreak emerged as sanitation and health systems struggled to regain their footing.

The effect was systematic. Not only did this affect the systems, but the damage to the systems meant that the basic risk situation in Haiti had changed – the underlying conditions were different.

The risks have changed.

Disaster risk is always systemic

Globally interconnected disasters – such as COVID-19, the climate emergency, biodiversity loss, old and new conflicts – illustrate what has been evident in Port-au-Prince.

Disaster risk has always been systemic, and understanding risk in these terms should become the “new normal,” explains lead author of the briefing note, Jana Silman. Dr Silman, from the University of Hamburg, Germany, and the International Climate Research Center in Norway, is co-chair of the Knowledge Action Network on Emerging Hazards and Extreme Events (Risk KAN).

Interdisciplinary areas of cooperation

Understanding how risks are created and how their effects can travel across sectors and metrics has been a major focus of research for some time. This paper provides an assessment of current concepts and an understanding of systemic risk from a range of perspectives and identifies areas for collaboration across allocations. said Anne-Sophie Stalis, chief science officer of the International Science Council.

The Summary Note on Systemic Risk argues that climate risk assessments and adaptation strategies that focus exclusively on known and easily measurable risks to individual countries and sectors are insufficient to address the systemic nature of risks with factors such as climate change that go beyond simple metrics.

Toolbox Policy

The authors stress that no single approach can capture the full picture, given the complex and uncertain nature of risks—there is no single assessment of systemic risk. Instead, the summary note proposes the use of “toolbox approaches” that take an iterative approach to learning, using multiple lines of evidence, a range of methods and perspectives, and most importantly, the acceptance and communication of uncertainty.

Furthermore, toolkit approaches that are comprehensively developed, with a wide range of stakeholders, can increase detail, trust, and engagement at all levels.

New Center of Excellence

The latest IPCC report acknowledges the complex interdependence of climate systems, ecosystems, biodiversity and people, and increasingly acute and interrelated risks that outweigh our ability to adapt.

Recognizing these challenges, UNDRR partnered with the World Meteorological Organization (WMO) in 2020 to open the new Center of Excellence for Climate and Disaster Resilience. The Center of Excellence aims to guide leading-edge science, policy design, and capacity development in order to help global, regional, national, and subnational stakeholders understand and plan for systemic challenges.

The Summary Note on Systemic Risk will be a useful resource to help better understand these challenges, and guide appropriate planning.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos