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16 sie 2024 · Insurance protection gap. There were more than 50 severe floods around the world in 2021, causing USD 82 billion of economic losses, the sigma report shows. These included the flood in central and western Europe, especially Germany, in July, that resulted in record economic and insured flood loss.
The CIREG Guide to Managing Flood Risk During Construction document (CIREG MFRC) provides advice on the prevention and mitigation of damage to construction works due to rainfall, inundation and flooding during the development, design and construction phases.
16 sie 2024 · Role for insurers: closing the flood protection gap. Insurance cover is another key factor in building economic and social resilience to flood risk. Even with the knowledge that flooding can inflict heavy losses, flood insurance penetration remains low.
Produced in collaboration with the Insurance Information Institute (Triple-I), this report provides insights into the state of global flood risk and highlights how insurers are well-positioned to promote a broad resilience mindset focused on pre-emptive mitigation and rapid recovery.
Over the past decade, 83% of global economic losses from flooding were uninsured, according to the Swiss Re Institute’s latest sigma report, Natural Catastrophes in 2021. Closing this protection gap must be a priority for the industry. At Swiss Re, we believe that flood risk is insurable.
11 cze 2019 · FACT: Flood insurance is available to protect homes, condominiums, apartments and non-residential buildings, including commercial structures. A maximum of $250,000 of building coverage is available for single-family residential buildings; $250,000 per unit for multi-family residences.
floods, when considered together with potential insurance defaults, have the potential to generate EUR 27 billion in public finance contingent losses every year , and that reducing the climate protection gap by increasing insurance penetration could lower this impact by up to 50%.
