Natural catastrophe resilience: three quarters of global exposures unprotected

Natural catastrophe resilience remained low in 2020. The global protection gap was USD 231 billion, a new high.

The key takeaways from this edition of Economic Insights are:

  • The global Swiss Re Institute Natural Catastrophe Resilience Insurance Index was little changed at 24% in 2020.
  • Three quarters of the world's potential losses from natural disasters remain under-insured.
  • Five of the most resilient countries in the world are in advanced Europe.
  • The US and Japan have the highest absolute natural catastrophe protection gaps in the world.
  • Resilience across the emerging markets has remained low since 2000.
  • Emerging APAC is the least resilient region, with over 96% of natural catastrophe losses unprotected.

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Economic Insights Natural catastrophe resilience: three quarters of global exposures unprotected

Resilience Index 2021: a strong growth recovery, but less resilient world economy

Global macroeconomic resilience weakened by 18% in 2020 on account of the COVID-19 crisis. We forecast a strong recovery in global economic growth this year. This will support some rebuilding of resilience, but not to the extent of fully recouping the losses that resulted from last year's pandemic-induced global recession.

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