UCL Institute for Risk and Disaster Reduction


Panel Discussion: Risk Finance for the Developing World. 8th March, 6pm

3 January 2017

Panel Discussion 6pm, JZ Young Lecture Theatre Reception 7:30pm, UCL North Cloisters In this panel discussion, we plan to explore the incentives and obstacles to provision and uptake of risk finance in the developing world.

Our broad panel, with commercial, practitioner, donor, government and academic expertise, will address the following questions:
  • Should development agencies be contributing to insurance and risk finance initiatives in the developing world, or should this be left to local governments and the commercial sector?
  • How can the private sector, donors, local governments and local partners better work together to meet financial planning needs in the developing world?
  • How do the incentives for and barriers to uptake of risk finance vary in different cultural contexts, and how can risk finance products be adapted to address this?

Panel Chair: Daniel Clarke, Government Actuary


  • Carmine Galasso, Senior lecturer, UCL Department of Civil, Environmental & Geomatic Engineering (CEGE) and UCL Institute for Risk & Disaster Reduction (IRDR).
  • Sophie Evans, Programme Director, Capital, Science & Policy Practice at Willis Towers Watson 
  • Ric Goodman, Kenya Hunger Safety Net Programme (HSNP) - PILU Team Leader
  • Daniel Stander, Global Managing Director of Risk Management Solutions (RMS)
  • Swenja Surminski, Senior Research Fellow, Grantham Institute, LSE

This event is free to attend, but you need to register:

This panel is co-organised by the UCL Institute for Risk and Disaster Reduction and DAI Europe in support of the aims of the DAI led Expert Advisory Call Down Service on Strengthening Resilience and Response to Crisis, working with over 60 partner organisations to deliver rapid response specialist support to UK Government and other donors.

Speaker Profiles

Daniel Clarke, Government Actuary

Daniel Clarke, Government Actuary

Daniel Clarke is an actuary and economist working within the UK Government Actuary's Department (GAD) to provide advice across government primarily on risk finance for developing countries. He is co-author of the recently published book 'Dull Disasters' which argues for improved financial planning to deal with disasters, drawing on financial instruments and approaches that already exist in the market for dealing with uncertainty. Before his appointment to the UK GAD in October 2016, Daniel worked as a Senior Insurance Specialist in the Disaster Risk Financing & Insurance Program, a joint programme between the World Bank and the Global Facility for Disaster Reduction and Recovery. Over the last decade he has worked with some forty developing country governments to develop efficient, cost-effective solutions for enhanced financial protection against disasters. Dr Clarke has a D.Phil. in Economics from the University of Oxford and is also a Fellow of the Institute of Actuaries.

Carmine Galasso, Senior Lecturer, UCL

Carmine Galasso, Senior lecturer, UCL Department of Civil, Environmental & Geomatic Engineering (CEGE) and UCL Institute for Risk & Disaster Reduction (IRDR). Prior to joining UCL, Carmine worked as a Lecturer in Structural Engineering & Catastrophe Risk Modelling in the School of Civil Engineering and Geosciences at Newcastle University, UK, as a Catastrophe Risk Modeller in the Catastrophe Risk Engineering group of Applied Insurance Research (AIR) Worldwide, San Francisco, USA, and as an Associate Research Scientist in the Department of Civil and Environmental Engineering at the University of California, Irvine, USA. His recent research projects have addressed catastrophe risk in the Philippines and financial planning for infrastructure in developing countries.

Ric Goodman, HSNP, PILU team leader

Ric Goodman, Kenya Hunger Safety Net Programme (HSNP) - PILU Team Leader

Ric Goodman is Team Leader of the DFID Hunger Safety Net Programme II in Kenya and has worked with DAI since 2014. He leads the HSNP Programme Implementation and Learning Unit, providing assistance to the Kenyan National Drought Management Authority for cash transfer to 100,000 households in four northern counties, with drought response scale-up capacity for an additional 274,000 households. Ric has worked with DAI as a Social Transfers Adviser on the European Commission's ASiST III programme in the Horn of Africa, and has a strong background in social protection, vulnerability and livelihoods work for DFID, USAID, DFAT and Oxfam.

Daniel Stander, Global Managing Director, RMS

Daniel Stander, Global Managing Director of Risk Management Solutions (RMS)

Over the last 20 years, Daniel has worked closely with both government and corporate clients on every continent and in almost every sector, advising them on all manner of complex risks. He is currently advising RMS' public sector clients in mature and emerging markets alike, helping them articulate their risk appetite, quantify their exposure, develop mitigation strategies, finance resilience and transfer residual risk. Prior to RMS, Daniel managed group strategy at an 80,000-employee healthcare group, serving 30 million customers in 190 countries. He also has considerable start-up experience, having been a founding team member of an award-winning, SaaS company, bringing internet technologies to the risk transfer value chain. Daniel holds a Masters from Oxford, where he graduated, double first. He also studied for a Masters at the Humboldt in Berlin and is a graduate of the Center of Creative Leadership.