A predicted six-fold increase in flooding could take average annual global insured losses from flooding to a staggering $54 billion by 2030.

Data from a new flood mitigation platform, the Aqueduct Global Flood Analyzer tool, highlights the economic severity of global flooding and its potential for an estimated six-fold increase during the next 15 years. 

According to Aon Benfield’s catastrophe modeling division, global insured losses from flooding over the last 10 years average approximatley $9 billion per year. Additional research suggests that flooding currently poses a threat to roughly 21 million people across the world every year, costing the global economy roughly $90.65 billion.

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Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected]

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