What role can insurers and others play in building resilience to catastrophic flood events?

While it is the large, catastrophic flood events like those that hit Houston and Mumbai in 2017 that capture people's attention, flooding is more pervasive and is causing more damage across the world than even these headline grabbing events suggest.

Munich Re data shows that since 1980 'hydrological' events have increased in frequency by nearly six times. The Potsdam Institute for Climate Impact Research found that the planet Earth experienced 12% more record-breaking downpours between 1980 and 2010 than might have been expected had the climate not been changing.

The problem is that the widespread and insidious nature of flooding means that some communities, especially in the developing world, never sufficiently recover between one disaster and the next. Locked in a circle of loss and disruption, these communities’ ability to manage and build their resilience is diminished considerably.


Find out more from our Resilience Expert:

Mark Wing

Partner