abstractThe growing worldwide exposure to natural catastrophes has become very evident in recent years, as result of the major floods, heat waves and forest fires in Europe, as well as due the disastrous hurricanes in the US. Over the last two decades, the world has experienced a clear increase in the number, scale and economic impact of such events. The impact of natural catastrophes on European societies and economies is likely to increase further as result of two complementary trends. Firstly, the scale and frequency of natural catastrophic events are likely to increase due to climate change. Secondly, the economic impact of natural catastrophes is increasing due to the growing number of people living in areas with a high risk exposure, as well as the increased economic activity in these zones.
Last modified: Jan. 28, 2016, 5:20 p.m.