Poor communities in disaster-prone areas are hit hard by disasters. Resilience and preparedness are the first lines of defence. The session analysed two experiences. After the Haiyan typhoon in the Philippines, Vision Fund International and Global Parametrics (GP) gathered 3 years of evidence of recovery lending finding an approach (capital & credit) to support post disaster recovery lending using climate index. Both organizations launched ARDIS (African Asian and Americas Resilience in Disaster Insurance Scheme) in 2018. GP, Oxfam Novib and PLAN focus on preparedness in the B-Ready Program combining two innovations: digital weather forecasting and risk modelling technologies for early warning systems; financial technologies for pre-disaster cash transfer. Based on smart data, early warning systems local humanitarian actors can immediately and safely deliver cash prior to a disaster.
The aim of the session was to show the central role of FSPs in relief programs through business models.