Document / Publication

  • Contribute
  • Natural catastrophes and man-made disasters in 2011: historic losses surface from record earthquakes and floods
    http://www.preventionweb.net/go/25989

    Email sent!

    An email has been sent to the email addresses provided, with a link to this content.

    Thank you for sharing!

    OK

Natural catastrophes and man-made disasters in 2011: historic losses surface from record earthquakes and floods

Source(s):  Swiss Reinsurance Company (Swiss Re)

Sigma 2/2012:

This study reports on the worldwide economic losses from over 300 natural catastrophes and man-made disasters recorded in 2011 and the cost to the global insurance industry. It specifically analyses the catastrophes cost to society, the insured losses and the gap between insured and non-insured economic losses, which points to a widespread lack of insurance.

A special chapter on flooding in this edition of sigma reveals that flood loss potential can be just as high as that of earthquakes and storms. Analysing the floods in Thailand and their impact on the global manufacturing supply chain, the report points at the combination of factors — large affected areas, high concentration of property values, high insurance penetration, and insufficient pre-disaster risk preparedness — that multiplied the loss. It calls for businesses, governments, and societies at large to increasingly consider more stringent natural catastrophe and man-made disaster risk prevention and mitigation measures, especially in emerging countries of growing significance to the interconnected global economy; and for the insurance industry to further examine the implications of global supply-chains for a more holistic risk assessment going forward.



 
 
  • Natural catastrophes and man-made disasters in 2011: historic losses surface from record earthquakes and floods
  • Publication date 2012
  • Number of pages 40 p.

Please note:Content is displayed as last posted by a PreventionWeb community member or editor. The views expressed therein are not necessarily those of UNISDR PreventionWeb, or its sponsors. See our terms of use