Lloyd’s and Arup have partnered to develop Future Cities: Building Infrastructure Resilience research report. The report explores how designers, investors, city officials and insurers can work together to build resilient infrastructure systems.
Today’s cities are exposed to a greater diversity of risks than ever before, including rapidly emerging cyber threats and terrorism. The rising costs of disasters is a growing concern for the public sector and the insurance industry alike; direct losses from disasters in the past decade are estimated at US $1.4 trillion. While risk management remains a priority, city officials, investors and insurers are looking to build resilience as a complementary approach to address infrastructure risk and uncertainty.
Arup have partnered with Lloyd’s, the world’s specialist insurance marketplace, to deliver a multi-disciplinary research project that explores practical approaches to enhance city infrastructure resilience to shock and stress events. The report sets out three pathways to guide infrastructure planning, design, construction and operation:
Prevent failure: ensuring infrastructure systems can withstand the direct and indirect impact of disasters.
Expedite recovery: supporting infrastructure systems to become functional as soon as possible after stress or collapse.
Transform performance: working towards a new and improved state.
The principles set out in this report represent a new approach that could substantially improve infrastructure resilience around the world. ” John Parry CFO, Lloyd’s
The report provides case studies and a series of practical recommendations for infrastructure planning, design, and operation. It also explores the potential role of the insurance sector in taking collective action to build city resilience. In addition to the main report four sector-specific reports explore resilience for transport, energy, water and ICT infrastructure.
Cities are complex interconnections of people that rely on infrastructure. In order to build resilience in cities, we need to understand the performance of the infrastructure that connects, provides and protects society. Using our sector expertise and evidence gathered from case studies during and after shock events, we have developed principles for enhancing resilience through planning, design, build and operation of infrastructure systems. ” Samantha Sratton Short Associate Director