Press Release: Geneva Association calls for Integrated Approach to Managing Extreme Events and Climate Risks

  • Disaster loss events are on the rise. Of those 91% were caused by weather-related extremes (1980-2015).  These weather–related extremes caused the loss of more than 600,000 lives and more than USD 3 trillion in total economic losses
  • Detailed independent analysis and research shows that countries with a robust penetration of market-based disaster insurance coverage recover faster from the financial impacts of extreme events
  • (Re)insurance has become a key element of UN and governmental strategic disaster risk reduction efforts (e.g.

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