Saoirse Jones of Zurich Insurance and Mathieu Verougstraete of the United Nations Office for Disaster Risk Reduction (UNDRR), both Co-Chairs of the Insurance Development Forum’s Disaster Risk Reduction Working Group, are calling on governments, investors, and insurers to shift the global approach from reacting to disasters to actively preventing them
According to the Insurance Development Forum (IDF), the financial and human toll of disasters grows heavier, with climate-related shocks, infrastructure failures, and other hazards imposing costs that outpace society’s capacity to respond.
United Nations estimates put direct economic losses at over 200 billion US dollars annually, while the broader impact, including disrupted livelihoods, rising public debt, and slowed development, reaches closer to 2.3 trillion.
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