Natural catastrophe resilience remains low as climate risks increase
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Climate change is a growing challenge to global natural catastrophe resilience, which continued to be largely unprotected in 2019.
Key takeaways
- Natural catastrophe losses in H1 2020 were higher than in the same period in 2019, with greater losses from secondary perils.
- The global SRI Natural Catastrophe Resilience Index stayed low at around 24% in 2019, with 76% of global exposure remaining unprotected.
- The natural catastrophe protection gap widened marginally to USD 227 billion globally in 2019.
- NatCat I-RIs for advanced Europe and advanced Asia Pacific improved slightly in 2019 but were lower for all other regions.
- Climate change is expected to weigh heavily on societal resilience unless governments and private stakeholders implement mitigation measures to withstand the impact.
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