Swiss Re study on extreme weather events due to climate impacts
According to a study by the Swiss Re Institute, extreme weather events will continue to increase. They pose a no less significant threat to global resilience and the economy.
Once again, extreme weather events were the primary loss drivers in 2019. The increasing intensity of disasters will continue to lead to higher losses in the coming decades, he said. This is warned by the current sigma study "Natural catastrophes in times of economic accumulation and climate change" of the Swiss Re Institute.
According to the report, weather-related overall economic losses reached a value of $146 billion worldwide last year. Insured losses amounted to $60 billion. Their increase was due to population growth, ongoing urbanization and economic development, the English-language media release said. For the future, it poses "a significant threat to global resilience," it said.
Extreme weather events are exacerbated by socioeconomic developments in the affected areas. The fact that total insured losses nevertheless decreased by $33 billion in 2019 compared with the previous year is primarily due to the absence of major and cost-intensive hurricanes in the USA.
More details on the sigma study (English)
