NTU Singapore and the ASEAN Secretariat launch second phase of disaster risk plan to strengthen financial resiliency of ASEAN member states
The three-year disaster risk management plan aims to strengthen the financial resiliency of ASEAN member states when natural disasters strike.
Nanyang Technological University, Singapore and the ASEAN Secretariat have teamed up to launch a three-year disaster risk management plan that aims to strengthen the financial resiliency of ASEAN member states when natural disasters strike.
The ASEAN Disaster Risk Financing and Insurance Phase 2 (ADRFI-2) ‘plan of action’ will equip member states with risk management and risk transfer capabilities that will enable them to overcome financial burdens caused by disasters.
The new plan is anchored around three strategic pillars namely, Risk Data (risk information and assessment), Capacity Building on Disaster Risk Financing, and Risk Advisory.
Professor Louis Phee, Dean of NTU’s College of Engineering, said, “The challenges posed by natural disasters are multi-faceted and the abilities of nation-states to recover from them hinges on their financial resilience and risk management strategies. Together with the ASEAN Secretariat, NTU will support and co-develop comprehensive risk management strategies to help ASEAN member states overcome the debilitative effects of catastrophes and national disasters. It will also leverage NTU’s strong focus in translational research excellence which help foster innovative, resilient, and technologically-driven nation-states.”