As destructive weather-related events show less predictable patterns and continue to increase in frequency and severity amid the warming climate, Veronica Scotti, Chairperson, Public Sector Solutions, Swiss Re, has suggested that “we need to adapt as well as mitigate to make our world more resilient now.”
“Climatic natural disasters caused global economic losses of $275 billion in 2022 and this upward trend is expected to continue as urbanisation, property development and economic growth will increase the economic value at risk and number of lives exposed,” Scotti explained in a recent blog post for Swiss Re.
