- Flood adaptation measures are up to ten times more cost-effective than post-disaster rebuilding. Climate change and urban sprawl increase flood risks, but dykes and other measures can reduce damage by 60-90%.
- Investment in such measures is underfunded but crucial for economic stability and safety. Swiss Re emphasizes the importance of public-private investment in flood adaptation to close the financing gap.
Mon Nov 11 10:22:49 -0000 2024 UTC– Flood risk due to climate change and urban sprawl is increasing.
Protective measures like dykes can be up to ten times more cost-effective than post-disaster rebuilding. Swiss Re Institute research highlights the financial benefits of flood adaptation methods and the importance of public-private investment in climate adaptation projects.
Flood interventions, especially in densely populated regions, can significantly reduce damage and benefit insurers and policyholders.
Public and private sectors can collaborate to enhance risk adaptation and economic stability after disasters.