iI has become clear that the protection gap is ever present; such losses are becoming the norm, not the exception. This is according to the latest Natural Catastrophe Review.
The review offers insight into recent events, lessons learned and the outlook for the future. From analysing the aftermath of 2023’s severe weather in the US and detailing North Atlantic hurricane activity in a changing climate, to exploring how the Panama Canal drought has disrupted global shipping, the review includes commentary from WTW experts and leading researchers from the WTW Research Network.
Key findings include:
Cameron Rye, head of modelling research and innovation, WTW Research Network, said: “In a world increasingly shaped by aging infrastructure, climate change, and urban growth into risk-prone areas, we are now facing disasters that were either not anticipated or deemed unlikely just a few years ago. Beyond economic damages, 2023 highlighted the need for a proactive approach to risk identification, mitigation and adaptation.”
The complete review can be downloaded here.
WTW will be hosting an informative session on the 31st January that will bring together multi-disciplinary expertise from our WTW Research Network and across WTW, to further explore the emerging scenarios discussed in the review. For more information and to register please click here.
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