Lloyd's City Risk Index 2015-2025 :VIDEO
2015-2025
301 cities
18 threats
US$4.56trn at risk
Lloyd’s City Risk Index 2015-2025 analyses, for the first time, the potential impact on the economic output (GDP@Risk) of 301 of the world’s major cities from 18 manmade and natural threats.
Based on original research by the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School, the Index shows how governments, businesses and communities are highly exposed to systemic, catastrophic shocks and could do more to mitigate risk and improve resilience.
Identifying the risks, modelling and measuring their impacts, and investing in greater resilience – from better infrastructure to increased insurance protection – are the first steps in this process
The global impact of catastrophes
The balance of economic power is shifting from the developed economies of North America and Western Europe to the emerging economies of Asia, Latin America and Africa.
Yet the world has never been more interconnected. Globalisation, driven by rapid improvements in information technology, has linked us all in ways previously unimaginable.
More people are living in cities than at any point in history. These factors have played a key role in driving global economic growth.
But they have also concentrated wealth in vast urban centres, which makes economies – national and global – more exposed to the impacts of manmade and natural disasters.
Recent examples include: the sub-prime mortgage crisis; Hurricane Katrina, US; the Tohoku earthquake and tsunami, Japan.
Lloyd’s City Risk Index 2015-2025 quantifies this exposure by calculating the potential GDP@Risk in 301 cities from both manmade and natural threats.
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http://www.lloyds.com/cityriskindex
