Urbanisation, economic development, growing asset concentrations in exposed areas and weather-related risks are leading to increased natural catastrophe losses. That's because we live, build and work in locations most at risk from floods, storms, wildfires and extreme weather events. Worldwide, over 76,500 people are believed to have died or gone missing in disaster events in 2023. According to the Swiss Re Institute, natural catastrophes claimed over 72,900 of those victims, and human-made disasters over 3,600.
Historical data show limited investment in disaster preparedness compared to post-event recovery. The Swiss Re Public Sector Solutions Team partners with government and other public entities to help the move from a dependency on post-event measures, to one of more active risk management.