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South West Indian Ocean risk assessment and financing initiative (SWIO-RAFI) : summary report (English)

The South West Indian Ocean (SWIO) Island States are highly exposed to adverse natural events. On average, 13 tropical cyclones with wind speeds exceeding 63 km/h form in the SWIO basin every year. The tropical cyclones that form in this area can affect the SWIO Island States, resulting in affected population and financial losses, caused by high winds, flooding and storm surges. These countries are also exposed to flooding from non-tropical cyclone induced precipitation (e.g. monsoons), earthquakes, tsunamis, and other hazards such as drought, volcanic activity, and landslides. As a result, SWIO Island States face high levels of physical and financial risk exposure.

Details

  • Document Date

    2017/01/01

  • Document Type

    Working Paper

  • Report Number

    116342

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2017/06/16

  • Disclosure Status

    Disclosed

  • Doc Name

    South West Indian Ocean risk assessment and financing initiative (SWIO-RAFI) : summary report

  • Keywords

    tropical cyclone;flood;wind speed;disaster risk financing;effect of climate variability;small island developing states;management of catastrophe risk;response to client demand;risk analysis;risk profile;disaster risk management;Posts and Telecommunications;monte carlo simulation;storm surge model;economies of scale;access to capital;fragile natural environments;sea surface temperature;catastrophe risk management;source of financing;Public Financial Management;risk assessment methodology;roads and highway;financial risk exposure;Disaster Risk Reduction;moral hazard problem;impact of disaster;disaster risk assessment;natural disaster risk;frequency of events;state of emergency;Natural Event;

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Citation

South West Indian Ocean risk assessment and financing initiative (SWIO-RAFI) : summary report (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/951701497623912193/South-West-Indian-Ocean-risk-assessment-and-financing-initiative-SWIO-RAFI-summary-report

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