Part Two with Simon Young, the Volcanologist Fighting Back Against Natural Disasters Using Insurance │S2E5

https://is1-ssl.mzstatic.com/image/thumb/Podcasts124/v4/61/41/95/61419597-b350-1ce8-cc0e-4d09ce2b1a20/mza_11149668685019092977.jpg/600x600bb.jpg

REEF Roundup: 🪸Coral Reefs🐠 and 🐙Marine Conservation🦈

Graham Patterson and Tamara Silverstone

38 episodes

3 days ago

Join us and meet some of the many amazing people who are doing exciting work to save the ocean for future generations, with a focus on restoration, ecology, and the environment. A production of REEF Scuba - reef-scuba.org.

Science

RSS

All content for REEF Roundup: 🪸Coral Reefs🐠 and 🐙Marine Conservation🦈 is the property of Graham Patterson and Tamara Silverstone and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Science

https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_episode400/12271816/12271816-1648743542161-103927387b43c.jpg

Part Two with Simon Young, the Volcanologist Fighting Back Against Natural Disasters Using Insurance │S2E5 - Part 2 of 2

REEF Roundup: 🪸Coral Reefs🐠 and 🐙Marine Conservation🦈

20 minutes 36 seconds

3 years ago

Part Two with Simon Young, the Volcanologist Fighting Back Against Natural Disasters Using Insurance │S2E5 - Part 2 of 2

"There is no reason why the public works budget shouldn't include money for the protection of the reef, because the reef is protecting the economic engine. And we are absolutely in discussions with governments about this kind of thinking." - Simon Young

Today we talk with Simon Young, a volcanologist who went diving in the aftermath of a volcano and hurricane, and realized the need for quick remediation of damage following a natural disaster. He now works for WTW, and is helping to pilot a new type of coverage, parametric insurance. Parametric insurance provides immediate compensation for "non-traditional asset classes" - among those coral reefs - after a devastating storm. WTW now manages insurance policies for organizations throughout the Mesoamerican Reef (MAR), and they are planning expansion to the Caribbean and eventually the rest of the world. With more storms never far away, this insurance provides an innovative way to ensure that damage can be mitigated quickly, allowing both the reefs and the people who depend on them to recover as quickly as possible. Don't miss it!

Links to organizations mentioned in the podcast below.

WTW: https://www.wtwco.com/en-US/Insights/research-programs-and-collaborations/climate-and-resilience-hub

Ocean Risk Alliance: https://www.oceanriskalliance.org/

Reef Resilience: https://reefresilience.org/

The Mar Fund: https://marfund.org/en/

The Nature Conservancy (TNC): https://www.nature.org/en-us/

The Caribbean Biodiversity Fund: https://www.caribbeanbiodiversityfund.org/

Turneffe Atoll Marine Reserve: http://www.turneffeatollmarinereserve.org/maps

Please take a moment to subscribe to the podcast and our Instagram page, answer the episode survey and question if you're listening on Spotify. If you're feeling particularly generous (or haven't done a good deed in a while ;)), please leave a review and share with your friends and family. Thank you!

REEF Scuba's Ocean Champions Newsletter | Substack

REEF Roundup Instagram Marine Conservation Podcast (@reefroundup)

REEF Roundup Website (reef-roundup.com )

REEF Scuba Website (reef-scuba.org)