Join the hosts of Resilience 2016 for a buffet lunch together with an informal discussion of the participants’ objectives for the workshop.
- @ EXCEEDANCE
MEASURE, MANAGE, FINANCE
First International Workshop on the Application of Risk Modeling Analytics to Manage Urban Resilience
How can local and national governments analyze their risks and optimize their risk reduction strategies?
Strengthening resilience to disasters has an increasingly important role in public policy. Catastrophe models, based on the latest scientific techniques and detailed data, can offer critical insights into the risks to which a city is exposed. These insights can then help identify the best strategies to maximize resilience.
RMS is convening the first-ever international workshop designed to help public-sector leaders understand the application of resilience analytics. Resilience 2016 will explore the value of using science-based catastrophe modeling tools for public bodies such as cities, urban transport networks, and healthcare providers.
This invitation-only event is tailored to individuals working within national and city governments responsible for managing the exposure from catastrophic risks such as floods, hurricanes, earthquakes, rising sea levels, terrorism, and cyber attacks. Event participants will work together to explore cost-effective solutions to plan and finance resilience strategies. Leading risk management experts who have worked on local, national and transnational government initiatives, such as the UNISDR and 100 Resilient Cities, will be on hand to:
- Explore how risk modeling has been used by public-sector entities to understand, mitigate, finance, and monitor exposure to shocks, both from natural and human-led causes
- Discuss how catastrophe risk analytics can be used to build resilience against background stresses, such as sea-level rise, urbanization, and globalization
- Network with government peers to compare challenges and exchange success stories in building a more resilient society
- Broaden the technical understanding of catastrophe modeling tools, the data they consume, and the outputs they generate
7:00 a.m. – 12:00 p.m. Registration Luster Gallerie
12:00 p.m. – 12:45 p.m. WELCOME LUNCH: INTRODUCTIONS AND OBJECTIVES Daniel Stander, Global Head, Public Sector Group, RMS Splash 8
12:45 p.m. – 1:00 p.m. LESSONS FROM A THOUSAND YEARS OF URBAN RESILIENCE Speaker: Dr. Robert Muir-Wood, Chief Research Officer, RMS Splash 8
From Concepción to Christchurch, from Manhattan to Amsterdam, what has history taught us about investments in resilience? What worked, what didn’t, and what does this mean for us today? An introductory talk.
1:00 p.m. – 1:30 p.m. MEASURE, MANAGE, FINANCE: THREE CITIES, THREE CASE STUDIES, ONE COMMON GOAL – PART I: MEASURING RESILIENCE Discussant: Micah Hilt, Planner, Office of the City Administrator, San Francisco Splash 8
Using the first of three real-world vignettes, this session considers the current best practice in analytical resilience. Committed to a common goal of reducing their city’s risk profile, the governments of San Francisco, Berkeley, and New York have each started to embrace resilience analytics. For San Francisco’s Mayor Lee, this began with a focus on measuring the cost of inaction to the city in the face of sea-level rise. What lessons can be learned from this analytical work, and how can they drive action within and beyond the Golden Gate City?
1:45 p.m. – 2:15 p.m. KEYNOTE 1: PRAGMATIC SOLUTIONS TO MAJOR ENVIRONMENTAL CHALLENGES Speaker: Tim Jarvis, Environmental Scientist, Author, Adventurer Glimmer Ballroom
Following in the footsteps of Sir Ernest Shackleton, join Tim on his lessons for action regarding climate change as he explored the ice-capped mountains around the Equator.
2:15 p.m. – 2:45 p.m. KEYNOTE 2: CLIMATE CHANGE AND URBAN RESILIENCE Speaker: Dr. Robert Muir-Wood, Chief Research Officer, RMS Glimmer Ballroom
The 2015 international initiatives on disaster risk reduction, sustainable development and climate change focused the world on the resilience agenda. Fundamental to resilience is mapping and measuring risk. Using such analytics, it becomes possible to prioritize, finance, and implement the most cost-effective actions around risk reduction. Climate change is already exacerbating some of the risks to which cities are prone, and risks that cannot be readily reduced will have to be managed and transferred in innovative ways.
2:45 p.m. - 3:00 p.m. TRANSITION BREAK
3:00 p.m. – 3:45 p.m. MEASURE, MANAGE, FINANCE: THREE CITIES, THREE CASE STUDIES, ONE COMMON GOAL– PART II: MANAGING AND FINANCING RESILIENCE Discussant: Paul VanderMarck, Advisor to the City of Berkeley Discussant: Rick Patterson, Insurance Linked Securities Advisor to New York MTA Splash 8
Using the second and third of three real-world vignettes, this session explores how the governments of two cities, Berkeley and New York, have each started to embrace resilience analytics in order to reduce their respective city’s risk profile. The city of Berkeley has put a plan in place to manage the earthquake risk to its critical infrastructure; New York has financed the risk of storm surge faced by its Metropolitan Transportation Authority.
3:45 p.m. – 4:00 p.m. QUANTIFYING RISK AND RESILIENCE IN THE FACE OF UNCERTAINTY Discussant: Dr. Paul Wilson, Vice President, RMS Splash 8
The risk profiles of communities around the world are shifting. Sea levels rise, urbanization continues and our natural environment constantly evolves. The scale and pace of these changes are uncertain and depend in no small part on the timescales under consideration. Showcasing resilience initiatives commissioned by former New York City Mayor Bloomberg, as well as collaborations with The Nature Conservancy, this session will explain how long-term changes in risk can be measured and the potential benefits of resilience-building strategies quantified.
4:00 p.m. – 4:30 p.m. WHAT DOES IT TAKE TO CREATE THE FULL SUITE OF RESILIENCE ANALYTICS? Discussant: Dr. Arnoldo Matus Kramer, Chief Resilience Officer, Mexico City Discussant: Dario Luna Pla, Former Head of Disaster Risk Management, Ministry of Finance, United Mexican States Discussant: Ben Brookes, Vice President, RMS Splash 8
For San Francisco, Berkeley, and New York, mapping and measuring their risks began with a commitment to data. Collecting digital data on the buildings, infrastructure, economic activity, and the movement of people through the city is a critical first step. This session explores:
- Which data sources are most important for effective resilience analytics?
- What methods are available for developing these data sets?
- How are different types of data employed within analytical models to measure a range of different risks?
- What methods exist to understand data uncertainty?
4:30 p.m. - 4:45 p.m. NETWORKING BREAK
4:45 p.m. – 5:45 p.m. EMPLOYING RESILIENCE ANALYTICS TO REDUCE THE IMPACT OF CATASTROPHIC SHOCKS Discussant: Mark Weinberg, Co-Head of Southeast Public Finance, Citi Discussant: Daniel Stander, Global Head, Public Sector Group, RMS Discussant: John Seo, Risk Capital Provider to the California Earthquake Authority Splash 8
Once risks have been modeled and mapped, the range of potential actions limiting the impacts of extreme events can be meaningfully explored.
- What do local and state governments need to think about when defining their risk appetite?
- What does “owning a view of risk” mean for governments?
- What level of resilience investment is prudent, and how can prudence be demonstrated to stakeholders (e.g.,the public, elected councilors, FEMA, donors)?
- How do resilience analytics inform decisions about where to invest in risk reduction and when to transfer risk?
- How can analytics be used to attract funding for resilience-building projects despite increasingly constrained public budgets?
- How can the risk of human injury and casualty be mapped alongside the economic impacts of disaster?
5:45 p.m. – 6:15 p.m. MANAGING RESILIENCE IN THE DIGITAL CITY: VISION 2025 Discussant: Hemant Shah, CEO and Co-Founder, RMS Splash 8
Bringing together various themes around resilience analytics, this final session will explore how the best-run cities will look by 2025. With all relevant data available in a digital form, with risk mapping of people, property, and economic activity, how will a city understand and manage its portfolio of risks? What new functional disciplines will have to become commonplace? What new skills will be in demand and how will capacity have been built across departments?
7:00 p.m. – 11:00 p.m. EP: Exceedance Party Glimmer Ballroom
Join the closing party of Exceedance for a unique opportunity to network with leading risk assessment and risk reduction experts.
OPTIONAL OPPORTUNITIES: COMPLEMENTARY LEARNING AND INDIVIDUAL DISCUSSIONS WITH EXPERTS
In addition to the sessions described above, participants interested in broadening their technical understanding of risk modeling tools are invited to attend an accompanying instructor-led session on the Fundamentals of Resilience Analytics. This session will be held, based on demand, at 10 a.m. on Wednesday, May 18. Participants will also be able to schedule individual meetings with a variety of RMS subject matter experts to discuss topics of individual interest.
For further information about these sessions, please contact Theresa Lederer at Theresa.Lederer@rms.com.
MODERATORS, PANELISTS, AND FACILITATORS
Resilience 2016 is hosted alongside Exceedance, an annual event promoting education, training, networking, and thought-leadership in catastrophe modeling science and strategy.
Exceedance will offer participants additional opportunities to discuss topical issues such as cyber risk, terrorism, and natural perils with subject matter experts and to network with public and private risk management leaders.
Click here for a full conference agenda.
RMS MODELS AND SOFTWARE HELP PUBLIC AGENCIES AND FINANCIAL INSTITUTIONS QUANTIFY AND MANAGE CATASTROPHE RISKS THROUGHOUT THE WORLD, PROMOTING RESILIENT SOCIETIES AND A SUSTAINABLE GLOBAL ECONOMY. OUR SCIENTIFIC AND OBJECTIVE MEASUREMENT OF RISK FACILITATES THE EFFICIENT FLOW OF RISK CAPITAL NEEDED TO REDUCE THE CONSEQUENCES OF DISASTERS.
Visit RMS.com to learn more.