MAS director hails work on natural catastrophe data
Bernard Wee introduces Natural Catastrophe Data Analytics Exchange
An executive director at the Monetary Authority of Singapore has hailed the Natural Catastrophe Data Analytics Exchange as an "incredible starting point" in addressing "Asia's protection gap".
Bernard Wee warned Asia is "significantly vulnerable to natural disasters" in a speech on April 21. Nonetheless, the design of disaster resilience strategies and "workable catastrophe risk solutions" remains a challenge in the region, on account of "gappy" data and expertise, he said.
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