This report is Swiss Re's latest sigma study which shows that 'natural catastrophes and man-made disasters in 2012 caused economic losses of USD 186 billion with approximately 14 000 lives lost. Large scale weather events in the US pushed the total insured claims for the year to USD 77 billion, which is the third most expensive year on record. This amount is still significantly lower than 2011, when record earthquakes and flooding in Asia Pacific caused historic insured losses of over USD 126 billion, the highest ever recorded.'
This report talks about how, without adaptation, sea level rise is likely to increase insured losses over time. They expand the discussion by stating that ‘...even without considering how climate change may affect future hurricane frequency or severity, the impact of sea-level rise alone is likely to be significant for both those seeking and those providing insurance protection. It is encouraging that decision makers, eg in New York City, are pro-actively investigating the implications of rising sea levels and considering available options for mitigating the potential impact of such a change’. Click on the image to download the report from Swiss Re.