Disaster Risk Assessment of Five Colombian Cities

To help KfW understand the weather-related and climate change risk exposure of major cities in Colombia, KfW commissioned Global Communities, in partnership with insurance industry partners (DLA Piper, Hannover Re and Willis Towers Watson) to assess the status of DRM in five Colombian cities: Cali, Cartagena, Manizales, Medellín and Pasto. The cities were selected based on the level of their risk exposure and vulnerability, and interest expressed by KfW. The study was conducted through desk research and two field assessment in July-August 2018, during which we met with 50 key Colombian government, community, academia and business stakeholders at the national and sub- national level, and conducted a total of 90 interviews, as is detailed on Annex 1. This report summarizes our findings on the current level of disaster risk management (DRM) and the financing dedicated to DRM by those municipalities, and identifies gaps in awareness and use of DRM tools, such as resilience building and risk transfer tools.