World Bank and RMSI partner to enhance disaster preparedness in Asia

World Bank and RMSI partner to enhance disaster preparedness in Asia

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Natural disasters such as a hurricane in Florida have less short and long-term effect on local population and regional economies when compared to a similar disaster in Asia. The World Bank recognized this fact, with the root cause being a frequent lack of catastrophic insurance, compounded by post-disaster funding. For this reason, the World Bank selected RMSI to conduct a critical pilot study of the situation. RMSI, the global IT services company, has successfully completed all phases of this pilot catastrophe risk assessment study on behalf of the World Bank. Involved were four Indian states with a history of confronting natural disasters: Andhra Pradesh, Gujarat, Maharashtra, and Orissa. The project was designed to provide information critical to the process of risk transfer within Asia. The project focused on risk assessment pertaining to the assets of housing and public infrastructure against natural catastrophes like cyclones, earthquakes, and floods.