Version 1
: Received: 26 July 2024 / Approved: 29 July 2024 / Online: 29 July 2024 (08:58:25 CEST)
How to cite:
Netti, N.; de Cristofaro, M.; Ferrara, D. Managing Natural Hazard Risks. A Multi-Stakeholder Approach for De-Risking. Preprints2024, 2024072252. https://doi.org/10.20944/preprints202407.2252.v1
Netti, N.; de Cristofaro, M.; Ferrara, D. Managing Natural Hazard Risks. A Multi-Stakeholder Approach for De-Risking. Preprints 2024, 2024072252. https://doi.org/10.20944/preprints202407.2252.v1
Netti, N.; de Cristofaro, M.; Ferrara, D. Managing Natural Hazard Risks. A Multi-Stakeholder Approach for De-Risking. Preprints2024, 2024072252. https://doi.org/10.20944/preprints202407.2252.v1
APA Style
Netti, N., de Cristofaro, M., & Ferrara, D. (2024). Managing Natural Hazard Risks. A Multi-Stakeholder Approach for De-Risking. Preprints. https://doi.org/10.20944/preprints202407.2252.v1
Chicago/Turabian Style
Netti, N., Martina de Cristofaro and Domenico Ferrara. 2024 "Managing Natural Hazard Risks. A Multi-Stakeholder Approach for De-Risking" Preprints. https://doi.org/10.20944/preprints202407.2252.v1
Abstract
As a result of decades of austerity, the economies of the Eurozone are experiencing under-investment and crumbling infrastructures in an era of extremely severe emergencies as the cli-mate change and aggressive global competition. The private savings glut of the rich and the strict fiscal rules suggest a crowding-in approach in partnership with big finance in a new age of in-fra-structures. If governments mint public infrastructures into investable assets, they can gen-erate steady returns for investors and asset managers who look after pensions and insurances schemes and unlock trillions now devoted to welfare state. For the big finance to accept to be partner, however, governments must take the task of de-risking returns. Innovation technology and macro-financial literacy can synergically act to enhance this new de-risking role to address in a financially sustainable way the intense phenomena of Natural Hazards (NHs) that can severely compromise economic growth. This is precisely the aim of our Public-Private Partnership (PPP) among the Department of Economics, Management and Institutions of the University of Naples and a Knowledge Transfert Management, the Department of Engineering and the Aca-demic Spin-Off “STRAIN”, of the University of Campania. Our PPP has been contributing to the eval-uation and mitigation of NHs such as floods, landslides and earthquakes since 2012. The ex-tremely advanced results of this multi-stakeholder partnership ensure a better knowledge of NHs which, as evidenced in the paper, is the fundamental input for the desired Public-Private In-surance Programmes (PIPPs).
Keywords
climate change and natural hazards; global financial markets and risk management; economic policy; economic development; innovation technology; derisking; insurance and re-insurance; landslide and seismic risk assessment; floods and soil liquefaction risk assessment
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
