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

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