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Report: The past decade has witnessed the largest economic losses due to natural disasters

2020-01-22T09:49:07.629Z


London-Sana company said


London-Sana

British insurance company AON said that the past decade was the worst ever in terms of economic losses caused by natural disasters, which amounted to three trillion dollars, an increase of one trillion dollars from the previous contract.

Reuters quoted the company as saying in a report published that the Asia-Pacific region was the most affected in the period between 2010 and 2019, where it accounted for 44 percent of the losses, explaining that earthquakes and tsunamis and hurricanes were among the worst disasters in the region and the severity of conditions Climatic and large population in the path of disasters and disruption of supply chains in light of the globalization of the economy contributed to the sharp rise in economic damage.

The report pointed out that last year was the second warmest year ever for earth and ocean temperatures, but the economic and insured losses were less than the previous two years, indicating that in 2019 there were 409 natural disasters with a total loss of $ 232 billion, insurance programs covered $ 71 billion of them .

In turn, Steve Bowen, a meteorologist at the weather forecast team, said: "Maybe the biggest lesson we learned in the last decade of natural disasters is the emergence of previously considered hazards such as forest fires, floods and droughts, which have become more expensive as research indicates." Scientific studies that climate change will continue to affect all types of weather phenomena and thus will increasingly affect urban areas.

It is noteworthy that natural disasters have led over the past thirty years to the death of more than 2.5 million people and the loss of about 4 trillion dollars.

Global losses doubled from $ 50 billion annually in the 1980s to 200 billion in the last decade.

2017 came to sound the alarm in this regard, as the world's losses amounted to $ 340 billion due to devastating natural disasters, as the United States was the most affected this year, with record losses exceeding 300 billion.

Source: sena

All news articles on 2020-01-22

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