How much do we know about weather-related economic losses?
Between 1980 and 2020, total economic losses from weather- and climate-related events amounted to EUR 450-520 billion (in 2020 euros) in the 32 EEA member countries (EEA-32). Between only one quarter and one third of these losses were insured.
Does demographic and economic growth explain historical flood losses in Europe?
In Europe, previous studies of historical flood losses corrected for demographic and economic growth (‘normalized’) have been limited in temporal and spatial extent, leading to an incomplete representation of trends in losses over time.
Are extreme precipitation rates increasing in Europe?
The overall upward trend and the contrast between northern and southern Europe is consistent with other studies, both for extreme precipitation 13, 58, 59 and large flood occurrences 15, 16.
What percentage of economic losses are insured?
CATDAT Between only one quarter and one third — depending on the source — of economic losses were insured. Moreover, there are large differences in insured losses between the three groups of events: 37-54% of total losses for meteorological events, 15-24% for hydrological events and 7-16% for climatological events (Figures 2a and 2b ). Figure 2a.