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
Severe winter storms in quick succession can have a deadly impact on an insurer’s balance sheet. The industry has responded by providing coverage structures that address this eventuality. The premiums of such cover must be commensurate with the underlying
risk. To assess a fair premium, we need a model that can estimate the frequency and severity of such storms, as well as when they’re likely to occur within a season. This publication discusses benchmarks for such models, so enabling you to secure the
right protection for the storms to come.
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.
This publication by the World Energy Council is developed in cooperation with Swiss Re Corporate Solutions and Marsh & McLennan Companies with a goal to identify key risks and challenges in financing resilient energy infrastructure. It examines emerging risks such as extreme weather, energy-water-food nexus and cyber, and proposes measures to respond through improved financing conditions for investments in energy infrastructure, including financial risk management.Download
Administering crop insurance in Asian countries with small fragmented agriculture land holdings is an expensive affair, but
costs can be substantially lowered with the introduction of index-based or parametric insurance schemes. These are managed,
however, through relatively generic data measurements that do not always capture the experiences of individual farmers.
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.
This partner publication with the World Energy Council and Marsh & McLennan Companies explains why increasing energy infrastructure resilience to extreme weather events is not an option - it is a must. While stakeholders are driven by diverse motives, everyone has a role to play, and there are some common obstacles to be overcome together to ensure that energy supply is secure.Download