Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Using data to predict and understand natural disaster risks

Nanyang Technological University (NTU Singapore) and the ASEAN Secretariat are collaborating on a three-year disaster risk management plan which is designed to promote stronger financial uphold among ASEAN member states, during the event of a natural disaster.

This was announced at the 10th Annual Symposium of NTU’s Institute of Catastrophe Risk Management (ICRM), held at the Marina Bay Sands Expo and Convention Centre.

The ASEAN Disaster Risk Financing and Insurance Phase 2 (ADRFI-2) plan will provide the knowledge and skills for risk management and risk transfer knowledge when a natural disaster strikes.

With this, countries will be better able to overcome the financial risks and misfortunes that will arise.

Phase 1 of this project was focused on establishing policies and institutional environments for risk financing and insurance in the ASEAN member states, as well as to promote multilateral cooperation towards the adoption of a regional agreement on disaster risk financing and insurance (DRFI).

Phase 2 is built on three keystones:

  1. Risk Data- risk information and assessment
  2. Risk advisory
  3. Capacity building on disaster risk financing

Risk Data- risk information and assessment

Member states will have a better understanding of the risks arising from natural disasters. They will be better able to use data and analytic tools to identify important resources that need to be protected, predict the risks for their cities, and create risk financing solutions specific to the country.

Risk advisory

A networking advisory group will be established, consisting of member states, international organisations and industry partners. It will provide risk advice and assist in creating innovative risk transfer tools and solutions.

Capacity building on disaster risk financing

The ASEAN Secretariat believes the region’s risk financing solutions be pursued urgently and more aggressively to protect member states’ long-term fiscal balance and development gains.

It is crucial that member states understand the benefits of disaster risk financing and include it as an integral part of a comprehensive disaster risk management strategy.

Workshops will be held with experts from all over the world who will cover various topics such as potential hazards and disaster financing solutions to insurance schemes and the role of technology.

Member states will better be able to incorporate key aspects of disaster risk financing and risk transfer into their domestic policies.

The first two keystones will be overlooked by NTU’s ICRM and the third pillar will be directly managed by the ASEAN Secretariat.

Mr Alladin Rillo, Deputy-Secretary General of the ASEAN Economic Community Department, ASEAN Secretariat, said, “The ADRFI-Phase 2 will be implemented by the ADRFI Program Office under the ASEAN Secretariat. It will closely coordinate Pillar 3 with key development partners to further fill in the gaps the capacity building needs of member states.”

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com