Since 1980, nine countries in Central America and the Caribbean have had at least half of their annual gross domestic product (GDP) wiped out by a natural catastrophe. The 2010 earthquake in Haiti had an estimated impact of 120% of GDP.Download
With 65% of the workforce employed in agriculture, millions of people living in sub-Saharan Africa depend on farming not only for food, but also for incomes and livelihoods. Without enough rain to feed the land, the effects can be devastating.Download
Commercial insurance helps firms mitigate their exposure to losses and is an essential component of corporate risk management. In Australia as elsewhere, changing economic, business, regulatory, socio-political and technological conditions reshape the risk landscape, driving companies in all sectors to constantly reassess their risk exposures.Download
Insurance today relies on models to predict earthquaketriggered
losses on the US west coast. But there is a lurking danger. Many do not consider the variability of model outcomes. As research by Swiss Re reveals, this can lead to an underestimation of ensuing losses.
The global economy and even politics are increasingly affected by climate change. In this context, Swiss Re is keen on carrying out research into the changing contexts of natural disasters and the development of relevant financial solutions that aim to reduce, or even eliminate, the negative impacts of these disasters on livelihoods, the
economy and politics. It aims to do so by providing those affected, such as individuals, businesses and all levels of government, with relevant scientific and institutionalised disaster-prevention and disaster-relief mechanisms.
Natural catastrophes are increasing in frequency and severity. What is more, the gap between economic and insured losses has remained stubbornly large. The consequences are especially severe in emerging markets, which are both the worst hit and the least prepared.Download
This report was authored by students of the Johns Hopkins University School of Advanced International Studies (SAIS) as part of a practicum project in the Energy, Resources, and Environment Program. The practicum requires student teams to partner with key organizations to address critical international environmental policy challenges. Here, students collaborated with Swiss Re to further the understanding of natural disaster management policy in the United States and develop a platform for unlocking resources to build climate resilienceDownload
The impact of extreme weather is painful and expensive. This is because the world population and asset concentrations are increasing, especially in the cities of the developing world, many of which lie either on the coast or on major waterways close to it. Bangkok is one case in point. The latest edition in Swiss Re's Risky cities series examines the risks.Download
Istanbul is Turkey‘s powerhouse, generating more than 40% of the country‘s GDP. The 14 million people in its metropolitan area live under the constant threat of severe earthquakes. And the next one could very well be just around the corner.Download
Commercial insurance is an essential component of risk management. In Japan, economic, business, regulatory and socio-political dynamics are rapidly reshaping the risk landscape, driving companies in all sectors to constantly reassess their risk exposure and management requirements.Download
Mexico City, a metropolis of around 21 million people is plagued by regular summer flooding which makes life utterly miserable for the city’s inhabitants, just one recent example being the inundation caused by Tropical Storm Ernesto in 2012. It is also exposed to substantial earthquake risk.
23 May 2019
09 May 2019