According to this report, people’s exposure and vulnerability, experienced individually and collectively, continue to be twin challenges for the Asia-Pacific region. Faced with growing economic losses and increasingly vulnerable populations, the report analyses the drivers of risks and the strategies that are in place to deal with them. It demonstrates that development contributes to reducing vulnerability; investing in disaster risk reduction can reduce vulnerability; targets can stimulate investments in disaster risk reduction; ecosystem management, land use planning, supply change management and disaster recovery have the potential to reduce exposure; the process to reduce disaster risks is non-linear with explicit actions; innovative technologies offer new possibilities to reduce disaster risks. It further presents a way forward to reducing vulnerability and exposure to disasters.