Mr. Ulrich Hess is Chief of Risk Reduction and Disaster Mitigation Policy at WFP. He works on the new disaster risk reduction strategy of WFP and in particular the second phase of the weather index based contingent financing for livelihood protection in Ethiopia. He started work on weather risk management at the World Bank Group, for example assisting successful weather insurance initiatives in India in 2003 and Malawi in 2004. Prior to joining the World Bank as young professional in 1998, Mr. Hess has been working in management and development consulting. He is the editor and co-author of Managing Agricultural Production Risk and numerous articles on risk management. Mr. Hess holds a Master in Economics degree from Bocconi University, Milan and a Master in Political Science degree from Freie Universität Berlin. He also studied at Institut d’Etudes Politiques de Paris and Yale Law School.