Natural catastrophe resilience remains low as climate risks increase
Source
Swiss Reinsurance Company
Publication Year
2020
Number of pages
2 p.
This report examines the magnitude of disaster losses in the first half of 2020 compared to losses for the same period in 2019.
The Key takeaways of this report are the following:
- Natural catastrophe losses in H1 2020 were higher than in the same period in 2019, with greater losses from secondary perils.
- The global SRI Natural Catastrophe Resilience Index stayed low at around 24% in 2019, with 76% of global exposure remaining unprotected.
- The natural catastrophe protection gap widened marginally to USD 227 billion globally in 2019.
- NatCat I-RIs for advanced Europe and advanced Asia Pacific improved slightly in 2019 but were lower for all other regions.
- Climate change is expected to weigh heavily on societal resilience, unless governments and private stakeholders implement mitigation and adaptation measures to withstand the impact.
Keywords
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