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Volume 27, Issue 3

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July 25, 2013

Wharton partners with insurance group to research 'flood resilience'

The Wharton School’s Risk Management and Decision Processes Center is joining forces with Zurich Insurance Group in an effort to enhance flood resilience.

In this one-of-a-kind multiyear interdisciplinary approach, Wharton and Zurich, which provides a wide range of insurance services worldwide, will expand upon current research on flood resilience, risk reduction and economic and communal security.

The Risk Management and Decision Processes Center focuses its research on catastrophic risk management as it applies to manmade hazards — floods impact more people across the globe than does any other natural disaster.

“Catastrophic floods — from hurricanes such as Katrina or Sandy, from tsunamis, or from inland flooding as recently happened in Europe—have caused billions of dollars in losses and displaced millions of individuals and businesses in recent years,” Managing Director of the Wharton Risk Center Erwann Michel-Kerjan, who will lead Wharton’s research efforts, said in a statement.

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http://www.thedp.com/article/2013/07/wharton-partners-to-study-flood-resilience