It didn’t gain as much attention in the news, but the past year brought about a series of natural disasters around the world in addition to the pandemic. This continues a major trend we have been witnessing for the last two decades.
According to the United Nations Office for Disaster Risk Reductions, the number of climate-related disasters between 2000 and 2019 more than doubled over the number between 1980 and 1999.
This has made it more apparent than ever that we need a better way of assessing the risk of natural disasters as a whole.
This month, The Institutes moved to announce the formation of an advisory board, named Helix, which will spearhead the implementation of new technologies in the assessment and management of the risks of natural disasters.
Helix represents the insurance industry’s commitment to providing social resilience and economic stability in our increasingly dynamic and unpredictable world.