Natural catastrophe resilience: three quarters of global exposures unprotected
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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.