Strengthening disaster resilience for society

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Strengthening disaster resilience for society

Partnering with governments and other public entities to strengthen society's capacity to manage climate and disaster risks

The challenge Building and strengthening of disaster resilience strategies

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.

How we can help Risk management expertise applied

We support various types of entities active in the public sector. As diverse as our partners are, so are the ways we can help them manage different natural catastrophe and human-made related risks – including perils such as earthquakes, windstorms, excess rain, floods or drought – and thereby support their resilience strategies. Combining risk prevention, risk mitigation and risk transfer measures forms part of a comprehensive disaster resilience strategy.

We can contribute to the management of disaster risks and support our public sector partners by absorbing economic losses using various forms of risk transfer and through the provision of actionable risk insights. We can tailor these supporting actions to the resilience strategies and specific challenges they face. Discover some of our propositions below.

Proposition Traditional indemnity-based insurance solutions

Classic risk transfer solutions based on actual losses

Proposition Parametric insurance solutions

Innovative, tailored, turnkey risk transfer solutions

Proposition Disaster risk financing

Financial protection strategies for disaster risks

Proposition Risk insights and digital tools

Next-in-class risk insights and digital solutions to deliver impact for our public sector partners

Proposition Insurance to protect natural assets and enable nature-based solutions

Protection of natural assets and the benefits societies derive from them

Focus topic Adapting to a changing climate

Climate change is one of the biggest threats facing. The effects of more frequent heatwaves and wildfires, longer periods of drought or more severe tropical cyclones are already being felt today.

To help address the impacts of climate change, we must firstly reduce emissions and mitigate risk. In addition, we will still need to adapt to a future where climate impacts are more frequent and severe.

This is where we believe that insurance and risk expertise can help to reduce the expected loss and to increase protection against the impacts of a changing climate.

Contact us Interested in finding out more? Get in touch to learn how we can work together.

RELATED PUBLIC SECTOR NEEDS

RELATED PUBLIC SECTOR NEEDS