Description: Hybrid loss exceedence curves, based on probable maximum losses combined with an assessment of recurrent losses from extensive disasters, reveal the full spectrum of risk that governments face. Calculations for Colombia show that the government may have to address losses in publicly owned assets as well as uninsured private assets of lowincome groups, ranging from US$100,000 some 100 times per year, to US$1 billion at least once every 30 years. In Mexico, excluding impacts from drought and in the agriculture sector, the government is likely to incur
weather-related disaster losses of more than US$1 million at least 50 times a year and more than US$1 billion at least once every 6 years. In Nepal, the government is implicitly liable for losses amounting to US$1 million almost 10 times per year, and of almost US$100 million every second year.
Published in: 2011 Global Assessment Report on Disaster Risk Reduction - Revealing Risk, Redefining Development
Copyright © United Nations 2011. All Rights Reserved.
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