Urbanisation, economic development, growing asset concentrations in exposed areas and climate change 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.
Throughout history humankind is often ill prepared to effectively manage the consequences of large-scale disasters. Enormous sums of money are spent on recovering from the aftermath of a shock event rather than spending on reducing risk and better preventing devastating impacts on all of us, on our people, assets and our economies – before such an event happens. 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.