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6.8

Climate and development disasters to cost world $450bn annually, half uninsured

A new analysis projects annual global disaster losses of $450bn driven by climate change and development, with over half uninsured as insurers reduce exposure. The widening protection gap signals rising fiscal pressure on governments and potential systemic risk to reinsurers.

Financial Times Worldabout 21 hours agoengCredibility 41%View source

Score Breakdown

Mosaic Score6.8
Confidence0.5
Significance0.8
Source credibility0.4

Intelligence Tags

#climate-change#disaster-losses#insurance#protection-gap#fiscal-risk
Source

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