According to a recent study published by the re-insurance company Swiss Re, the total economic losses from natural catastrophes and man-made disasters were USD 140 billion in 2013. Of these, the global losses that were insured amounted to USD 45 billion. Most of these losses were caused by disasters triggered by natural hazards, such as floods and hail events.
The UN Office for Disaster Risk Reduction (UNISDR) last week stated that for the first time in history the world has experienced three consecutive years where annual economic losses have exceeded $100 billion due to an enormous increase in exposure of industrial assets and private property to extreme disaster events.
The Asia-Pacific Disaster Report (APDR) 2012 found that, from 1970 to 2010, the average number of people at risk from yearly flooding in Asia-Pacific more than doubled from 29.5 million to 63.8 million, and the number living in cyclone-prone areas has grown from 71.8 million to 120.7 million. According to the UN report, 185 million people are exposed to annual flooding and storms