Expert Spotlight: Ivo Menzinger on why resilience pays out, and how insurance can help

Menzinger details the messages Swiss Re will share at the UN World Conference on Disaster Risk Reduction (WCDRR) in Sendai, Japan.

Natural disasters in recent years have cost society up to USD 1.3 trillion, of which at least 75% are uninsured. These costs have largely been borne by governments and individuals. But with the right resilience measures, it should be possible to avert up to 65% of climate risks through conscious risk management. And for every dollar spent on resilience measures, disaster costs go down by between 5 and 10 dollars.

Ivo Menzinger explains why Swiss Re has travelled to Sendai for the UN Disaster Risk conference, and how the private sector - specifically insurance - can help.

Published 12 March 2015

Swiss Re Global Partnerships

Engaging with the world allows us to find more robust solutions to common perils. There are limits to what the insurance industry can achieve alone; some risks will require a broader approach involving...

Read the whole story

WEF Davos 2017: Why insurance...

We live in a fast-paced and interconnected world where breakthrough technologies, demographic shifts and political transformations have far-reaching societal and economic consequences. More than ever,...

Read the whole story