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- Total economic losses from natural catastrophes and man-made disasters were USD 140 billion in 2013 - Global insured losses were around USD 45 billion in 2013, with large contributions from flooding and hail events - Around 26 000 lives were lost in natural catastrophes and man-made disasters in 2013 A special chapter on climate change in the sigma sa…
By Jim Hight  After 10 years working for wealthy investors, Chris Sheehan decided in 2014 to chart a new career path where he could use his quantitative analysis skills for positive social impact in the developing world. He first considered microfinance; then a conversation with Yale development economist Christopher Udry steered him toward r…
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Micro, small and medium enterprises (MSMEs) in Davao Region are urged to avail Micro Disaster Risk Insurance (MicroDRI) product to secure investments and risk financing options. The MicroDRI project is a public-private partnership project of the Department of Trade and Industry (DTI), Cebuana Lhuillier Insurance Solutions (CLIS), AXA Charter Ping, and…
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By Md Rashed Chowdhury, Principal Research Scientist of the Pacific ENSO Applications Climate Center (PEAC), University of Hawaii [...] “Climate change stands as a stress test for insurance, the world’s largest industry with $4.6 trillion in revenues, 7% of the global economy,” writes Evan Mills, a scientist at the Lawrence Berkeley National Laborator…
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 widespre…
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This report, commissioned by Greenpeace International, addresses the lessons that can be taken away from this catastrophe. It looks into fundamental questions regarding the end of the nuclear safety paradigm and draws some important conclusions. The first chapter documents how Japan found its emergency planning for a nuclear accident not being functiona…
Research paper no. 25, November 2012: The paper looks into the social context within which risk attitudes are formed and participation decisions are made, using micro data from rural households in Gujarat, India. Both caste affiliation and social interaction are found to significantly affect the risk attitudes of farmers. Furthermore, social interaction…
This publication aims to pinpoint commonalities between disaster risk management and adaptation to climate change. It describes the experience gathered from German development cooperation’s work in seven countries, which we see as a stimulus to aim for more effective and efficient interaction between the two fields and to work towards a significant redu…
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This report describes the Zurich Foundation's mission which is to help individuals and communities understand and manage risk, leveraging Zurich’s core strengths as an insurer. It explains the long-term partnerships with select non-profit organizations like Practical Action, the Rainforest Alliance, and the International Federation of Red Cross and Red…
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This report calls on governments, the electricity industry, consumers and insurers to take action to make the power supply, society and industry more resilient to events, such as earthquake and tsunami. The new position paper also contains a comprehensive overview of current and future challenges in respect of insurance coverage. It states that the risk…
This second volume presents case studies covering a diverse range of chemical and technological innovations, and highlighting a number of systemic problems. It contains five parts: (i) lessons from health hazards and the value of independent scientific research and risk assessments; (ii) emerging lessons from ecosystems and their wider impacts such as c…
The importance of reducing exposure to disasters took on a personal hue for the Secretary-General’s Special Representative for Disaster Risk Reduction, Margareta Wahlström. The envoy had been due to present the Secretary-General's Report on the Implementation of the International Strategy for Disaster Reduction to the UN General Assembly in the first w…
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Referring to the March 11 Japanese triple disaster and humanitarian crisis, Swedish Civil Contingencies Agency Director General Helena Lindberg raises the issue of 'complex megadisaster' as reminder of the extent of our own vulnerability. In her contribution to PublicService.co.uk, she highlights some of the important lessons drawn for these events, as…
Press release: Some of Asia’s most important economies have the highest risk from the threat of natural hazards, due to the exposure of their cities and trading hubs to events such as flooding, earthquakes and tropical cyclones, according to the Natural Hazards Risk Atlas released by risk analysis company Maplecroft. Bangladesh, the Philippines, Myan…
The European Union is asking the private sector to contribute to climate change adaptation costs, because due to the economic crisis, the member states are unable to finance effective implementation of national adaptation strategies. "This burden cannot only be taken by governments. That's why we believe that the private sector should be involved. Ther…

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