This publication examines the OECD's initiatives in managing major catastrophes and mitigating large-scale risks. It details the work of the International Network on the Financial Management of Large-Scale Catastrophes and the High-Level Advisory Board, presenting two key reports. The first report assesses efforts to enhance natural hazard awareness and disaster risk reduction education, culminating in a policy handbook. The second report reviews catastrophe-linked securities and proposes recommendations for capital markets' role in financial mitigation.

This publication is presented as a comprehensive overview of the OECD's work in financial risk management for catastrophic events. It synthesizes findings from dedicated networks and advisory boards, offering practical insights for policymakers and financial professionals. The inclusion of a policy handbook and recommendations on capital markets suggests a focus on actionable strategies for disaster mitigation. The reports aim to inform and guide efforts to improve financial preparedness for large-scale risks.