 
 
natural and man-made disasters in 2015
could use total economic class cease a
$140 billion US dollars last
and sadly also 26,000 victims
most of the victims wearing a sham
the most colossal life from one single
the band came from typhoon
I am typhoon km keep defeat baines
in November 2015 with some of the
strongest winds
at every cost the two were quite the
devastation got that by the bank
Coast more than for me don't homeless
the globe and Kylie for the insurance
industry
will solve 45 be young US stock class
weeks adding an hey let to me to drive
or something losses some
particularly in Europe the also close to
look out for 2015
was lower than in 2012 and also well
below the 10-year Treasury Dept
this was tilt with practically my had it
can see something the US
even so losses from catastrophic events
out on the ice and the protection gap we
continue to widen
the expectation for the future is that
the strengths will only continue
here to discuss why and what society can
do about it.
at Andreas Schraft have kept patios
and David bashed know but head of
sustainability cats recital
so why are natural catastrophe losses
increasing
don't many reasons for this %uh most of
them are socioeconomic
in nature so one thing BC increasing
populations
in urban areas around the globe cities
are growing I many of those cities are
in high risk areas
along coasts and flood plains well
repeal it is off buildings are
increasing so they're more easily
damaged if a flat tits are nice quake
hits
or a storm hits and also the see that's
protection measures are not keeping pace
with dei increased values
so that's some of the reasons set
explain by losses are increasing
but we also know that going forward
climate change is going to play an
increasingly important role
a maybe that's a question for you david
what do we know about climate change and
how it influences
natural catastrophe losses going forward
out first and foremost it increased
uncertainty
in that the creation so integration
started from wrist today
loss economic development the friend
lost possible
climatic implications a so we looked at
the US Gulf Coast in its entirety
am the year 2030 and we figured
that there's quite a substantial
increase in damage over that time period
about two-thirds of that increase are
standing still from economic development
about one-third
for possible impacts of climate change
so riskin
substantially increase in that region
over less than twenty years from now
if you say substantial how much is that
can you give a number its it's really
order of seventy percent of an increase
in relative terms and we start from a
risk
affair BCN and all loss burden of $200
billion in to reach
today so it's a substantial increase up
the good news is on the other hand
that if we start putting some of our
money indeed adaptation measures
like make thinking our essence you can
still manage that risk going forward
and doing so the children's remains the
important
player or mp4 element in that game at
least that we can still provide
insurance
at affordable terms and therefore help
to strengthen
societal resilience for example in the
US Gulf region's
thank you David and yes you can access
the full report
at Swiss ski dot com slash Sigma the new
I'll
