Swiss Re at WEF 2014: creating a more resilient world
Building resilience requires many components, including country risk management and food security.
The impacts of recent hurricanes and storm surges show we can't beat Mother Nature – but more can be done in terms of where we build, how we build and how we ensure swift recovery when the worst happens.
At Swiss Re we call it country risk management. Some countries, such as Mexico, are starting to adopt this approach. We also encourage countries to appoint a country risk officer, a person who would identify key risks and set up strategies to address those risks. This is one of the messages we brought to Davos for the 2014 World Economic Forum Annual Meeting.
Securing our food supplies
Swiss Re also participated in other discussions at WEF such as the panel session "Rethinking Global Food Security." As recent major droughts have shown, our food supply is fragile. Farmers must keep farming even when disaster strikes. Insurance enables planting for next season, making it a building block for securing our food supply. Our work with Kilimo Salama in Kenya shows how this can be done. The industry can also unlock capital needed for agricultural investments, taking some of the volatility out of the value chain triggered by weather-related events.
Our engagement in Davos
Watch the WEF panel discussion "Rethinking Global Food Security" below. Panelists include Swiss Re Group CEO Michel Liès; Ellen Kullmann, Board Chair and CEO DuPont; Akinwumi Ayodeji Adesina, Nigerian Minister of Agriculture and Rural Development; Rajiv Shah, Head of USAID; Shenggen Fan, Director General of the International Food Policy Research Institute; and Ajay Vir Jakhar, Chairman Farmers' Forum India.
Published on 21 January 2014
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