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Insurance Chronicle Magazine: |
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Urban Risk Management: An Urgent Need in India |
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Article Details |
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Pub. Date |
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October, 2005 |
Product Name |
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INSURANCE CHRONICLE |
Product Type |
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RISK AND INSURANCE |
Product Code |
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ICRI105010 |
Author Name |
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Arman Oza
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Availability |
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YES |
Subject/Domain |
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Finance |
Download Format |
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PDF Format |
No. of Pages |
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4 |
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Description |
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The vulnerability of Indian cities to the vagaries of nature has become quite intense in the recent past. While calamities-natural as well as man-made-have ravaged mankind since time immemorial, it is the concentration of population and property in modern cities which has made things worse for urban citizens. This has entailed the need to look at urban risks in their entirety. Starting from the Gujarat earthquake in 2001 to the Tsunami in Chennai and the recent floods in Mumbai and Baroda, all have resulted in large-scale loss of life and property.
On the other hand, there are man-made risks of law and order like riots, strikes and the larger political risk of terrorism looming large over our cities. If the 9/11 tragedy and recent London bomb blasts are any indication, metros worldwide, with India as no exception, are fast emerging as targets of terrorism. |
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