Natural catastrophe resilience remains low as climate risks increase

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.

Economic Insights, direct to your inbox

Our Economic Insights series looks at current economic topics and their implications for the re/insurance industry.

Subscribe to receive each edition of Economic Insights.


finance naturalcatastrophe insurance economicinsights climatechange

Economic Insights Natural catastrophe resilience remains low as climate risks increase

Natural catastrophes: How can we be more resilient?



See also former Economic Insights