Global Assessment Report on Disaster Risk Reduction 2013
From Shared Risk to Shared Value: the Business Case for Disaster Risk Reduction









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28
Chapter 1
Figure 1.4 Proportion of infrastructure damaged in extensive disasters in 56 countries and 2 Indian states, between 1970 and 2011
(Source: UNISDR, based on National Disaster datasets for 56 countries and 2 states)
Box 1.3 La Nina in Colombia
(Source: UNISDR)
Between 2010 and 2012, a very strong, though not exceptional, La Nina affected Colombia. Of the country’s 1,041 municipalities, 93 percent were affected, mainly by flooding (OSSO, 2012) over a 14-month period. Direct economic loss was estimated at about US$6 billion, representing nearly 6 percent of the country’s gross capital formation (CEPAL, 2012
x

CEPAL (Comisión Económica para América Latina y el Caribe). 2012.,Valoración de Daños y pérdidas: Ola invernal en Colombia, 2010-2011., Misión BID-CEPAL enero 2012., Bogotá,Colombia.. .
). By the end of 2011, insured losses had exceeded US$600 million, including US$76 million to repair a flooded thermoelectric power plant (Marsh, 2012
x

Marsh, Inc. 2012.,Navigating the risk and insurance landscape: Latin America and Caribbean Insurance Market Report 2012.. .
). Although only a small proportion of total losses were insured, the disaster resulted in an increase in deductibles for insurance of flood-related damage and loss. SMEs were particularly affected given that many were uninsured and did not have access to resources required for business recovery. Similarly, 93–95 percent of estimated household losses were uninsured (Fasecolda, 2011
x

Fasecolda (Federation de Aseguradores Colombianos). 2011.,Siniestros reportados a las aseguradoras por ola invernal superan los $500.000 millones., Las noticias del sector asegurador, en linea 31 de mayo de 2011., Colombia.. .
). The housing and infrastructure sectors (transport and energy) each accounted for 38 percent of total direct losses. In particular, 14 percent of the national road network and 3 percent of its bridges were damaged. This represented US$1.7 billion in repairs in 2011 alone (Government of Colombia, 2011
x

Government of Colombia. 2011.,Evaluación de daños del fenómeno de La Niña 2010-2011., Ministerio del Interior y de Justicia - DGR., Bogotá,Colombia. .
).
La Niña in Colombia










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