The Anatomy of A Silent Crisis The Anatomy of A Silent Crisis
The Anatomy of A Silent Crisis The Anatomy of A Silent Crisis
The Anatomy of A Silent Crisis The Anatomy of A Silent Crisis
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Notes on report methodology<br />
Assumptions and calculations<br />
• Calculations are performed on a data set with the recorded frequency <strong>of</strong> loss-generating events<br />
(natural disasters such as floods, windstorms, earthquakes).<br />
• <strong>The</strong> analysis is performed on data provided by Munich Re in 2009. Replicating the analysis<br />
using the CRED database yields similar results.<br />
• <strong>The</strong> time series is over the 25 years between 1980 and 2005 which is a period frequently chosen<br />
in analyses because there is robust data for this period and it is the period when it is assumed that<br />
climate change has started to have an impact. <strong>The</strong> IPCC suggests a very high likelihood <strong>of</strong> climate<br />
change since 1990 while individual studies have indicated points between 1960 and 1990. <strong>The</strong><br />
analysis is not highly sensitive to changing the starting point by a few years.<br />
• <strong>The</strong> number <strong>of</strong> disasters provide a good basis because there is a clear link between frequency <strong>of</strong><br />
weather-related disasters and climate change, and data reliability is good.<br />
<strong>The</strong> figure below provides an overview in the trends in different types <strong>of</strong> weather-related<br />
disasters between 1980 and 2005.<br />
Relative number <strong>of</strong> loss events from floods, windstorms and earthquakes, 1980-2005<br />
Source: Flood insurance from clients to global financial markets, W. Kron,Geo Risks Research, Munich Reinsurance Company, 2009.v<br />
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