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Weather disasters displace more people than any other factor globally in 2020

A new report shows that weather related disasters were the primary driver of displaced people in 2020, with almost three-quarters of people internally displaced affected by weather, with storms and flooding the primary peril drivers of this. In 2020 alone, some 40.5 million people were internally displaced within their own countries, read the full article →

World Bank looks at new cat bond risks, including cyber, famine, migration

The World Bank continues to explore ways it can expand the range of risks and perils that its member countries can hedge using risk transfer structures including catastrophe bonds. To-date, the World Bank has helped its member countries to hedge more than $4.25 billion of natural catastrophe risk, as well as read the full article →