In many places, climate change could change the frequency and / or intensity of certain natural hazards, such as floods or tropical storms, so looking into the future is just as important as understanding today’s risk.  In the next version of GloRiA, the tool will show how the risk of certain natural hazards may change as a result of climate change. 

“To be clear, things will not always get worse,” says Sibylle. “In some places, the risk for a hazard will remain the same, in others it may even decrease somewhat”. And for earthquakes, climate change has no effect at all. What is certain, however, is that the effects of climate change will increase the uncertainty surrounding exposure to natural hazards. Insurance can therefore be a good solution to protect yourself and your property against the unexpected.

Please also read the interview with Nicola Ranger, Head of the Resilience and International Development Program at the Environmental Change Institute and Executive Director of the Oxford Martin Systemic Resilience Program, and Sibylle Steimen, Managing Director Advisory & Services at Allianz Re. Both argue for a stronger focus on climate resilience.