Use of Green Computing in Disaster Risk Reduction

Abstract eng:
Micro insurance provides the protection required with micro loans in order to cover the policyholder for basic needs. Micro pensions provide a savings element in order to give some vehicle for providing for old age and retirement. Neither of these financial vehicles provides a buffer for risk mitigation in the wake of an occurrence of a natural or man made disaster and their sustainability is challenged by increasing natural catastrophes caused in part by global warming. The purpose of this paper is to show how innovative technology can provide this risk reduction in an eco-friendly fashion by applying both identity management techniques so that claims are handling quickly and low carbon dioxide emitting, portable data centres that are built not only to withstand earthquakes and hurricanes but also to apply to terrorism as well. The portability and flexibility of these data centres lends itself very nicely to the rural and semi urban areas of the world which is the predominant area for financial inclusion. This addresses operational risk and reinsurance. The reinsurance industry has the most to lose from a disaster and is also the industry can that quickly raise fresh capital whether by new start ups, traditional means or through the capital markets. This paper will show how a reinsurer could be strategically involved in innovative technology from end to end mitigation of risk. Such risk measures need to be in place before the mass microfinance take up in rural areas increases by 2Billion people world wide

• Export as: BibTeX | MARC | MARCXML | DC | EndNote | NLM | RefWorks
• Add to your basket