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
Uruguay is fortunate to have four river basins within its borders, two of which feed its hydroelectric plants. Hydropower can supply up to 90% of the country‘s electricity demand in a humid year. A dry year, however, can be costly.Download
Over the past 50 years, 75 major flood events have been reported in Argentina, affecting around 13 million people and taking more than 500 lives. With the equivalent of USD 22.5bn lost since 1980, floods are the most costly natural catastrophe affecting the country.
Adjusting for the country‘s GDP growth, the same events today would have caused accumulated losses of USD 43.5bn.
En los últimos 50 años, 75 grandes inundaciones fueron reportadas en el país, afectando a 13 millones de personas y causando más de 500 decesos. Con pérdidas equivalentes a USD 22 500 millones desde 1980, las inundaciones son la catástrofe natural
más costosa que afecta al país. Ajustado al crecimiento del PBI argentino, estos eventos hubieran causado hoy pérdidas
acumuladas por USD 43 500 millones.
In the late afternoon of 2 April 2013, rain started pouring down like many other days in La Plata. In just a few hours, 200 mm fell over the city. It did not take long before the roads turned into rivers, and these rivers into fatal traps. Looking from the window of her home in La Plata, Noelia eventually found herself staring at the water as it burst
violently into her house.
Durante la tarde del 2 de abril de 2013, comenzó a llover como muchos otros días en la Plata. En unas pocas horas, cayeron 200 milímetros sobre la ciudad. No pasó mucho tiempo hasta que las calles se transformaron en ríos, y estos en trampas fatales. Mientras miraba por la ventana de su casa en La Plata, Noelia se encontró,
de repente, viendo como el agua irrumpía violentamente en su hogar.
How can corporations remain operational in the aftermath of an earthquake? Swift payouts from parametric insurance solutions
can help to pay for immediate relocation efforts or temporary changes to equipment and production lines. The potential to increase availability of such cover across other markets and perils is significant. Let’s start now.
The scale of increased earthquake activity in Oklahoma over recent years is unparalleled. Since 2008 the number of magnitude 3.0 earthquakes per year has grown from roughly 2 per year to an average of nearly 3 per day. This now makes Oklahoma the most seismically active of the lower forty-eight states. It’s highly likely that this dramatic rise in earthquake occurrence is largely a consequence of human actions.Download
Flood poses a risk to individuals, business and the public sector. Severe events in Canada can cause losses exceeding CAD 13 billion, with less than half of these covered by insurance. This leaves many families without the necessary funds to rebuild their lives
if disaster strikes. In addition it delays economic recovery in the affected areas ― an effect that hits even those whose homes are still standing. Concerted action across the risk management chain that involves all key stakeholders ― government, the insurance industry and homeowners ― can strengthen flood resilience in Canada.
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
Italy is the fourth largest country in Europe in terms of economic output and population. It transformed from being a rural-based economy into a major industrial power in the 1950s and first half of the 1960s, but now faces major challenges. Productivity has stagnated overs the last 15 years, and the economy has been in outright recession for more than three years.Download