Effective DRM aims to identify and minimize both hazards and vulnerabilities of a territory. This case study carried out in Chile analyzes national programs and disaster risk management structures at different administrative levels (national, regional, and municipal) and identifies gaps that contribute to the vulnerability of the current system. The proposed measures and options for improvement presented in this study are based on a literature review of scientific discussions about international governance, disaster risk management, and case studies conducted in Chile. The results indicate that the national disaster risk management plan has been adjusted in recent years, especially after the 2010 Chilean earthquake. The national administration, which is primarily responsible for managing potential risks, as well as the regional and local governments, has been replaced by the National Disaster Prevention and Response System (SINAPRED) in 2021, according to the 21364 law. This law was created to make cities more resilient, contributing to the Sustainable Development Goals (SDGs). This change is intended to decentralize disaster risk management, considering local conditions and preventing oversight of disaster risk management, which is not mandatory at the local level. It has also noted some gaps, such as the lack of standardization of emergency and early warning systems and funding at local levels. It is hoped that the system will move forward in this transition period and that the gaps will not affect effective risk management, as they have caused loss of life in past disasters.