GAR 2015 Main Report

Part I - Chapter 3

flooding, pluvial flooding and localized heavy precipitation (RMS, 2013

MS (Risk Management Solutions). 2013,The 2012 UK Floods, RMS White Paper.. .

). The UK government itself estimates that around 2.4 million properties are at risk of riverine and coastal flooding in any given year (National Audit Office, 2014

National Audit Office. 2014,Strategic flood risk management, Report by the Comptroller and Auditor General. Department for Environment, Food & Rural Affairs and Environment Agency. 5 November 2014.. .

Flood risk contributes US$104 billion to global AAL. To put this figure into perspective, it is equivalent to twice the public health expenditure in the Middle East and North Africa or 30 per cent of annual public education expenditure in Latin America and the Caribbean.

The countries with the highest absolute AAL are China, the United States of America and India. However, in relation to their capital stock, a different set of countries in South-East Asia rank even higher, with Myanmar, Lao People’s Democratic Republic and Cambodia facing the highest relative AAL from riverine floods (Figure 3.20).

Relative to capital investment, many low-income and lower middle-income countries have high

levels of flood AAL in relation to their capital investment (Figure 3.21) because those countries have not had the capacity to make the same investments in flood defences as high-income countries. For example, the AAL for flooding in Myanmar and Somalia represents over 20 per cent of the countries’ capital investment. This highlights the importance of prospective risk management if new capital investment is to be protected.

The AAL from floods also represents an important proportion of social expenditure. Myanmar, for example, faces an AAL that is equivalent to around 200 per cent of its total social expenditure (Figure 3.22). Lao People’s Democratic Republic, Bangladesh, Cambodia and Bhutan are all challenged with AALs that represent around a third of their social expenditure.

This means that floods represent a significant challenge to both capital investment and social development in many low-income and lower

(Source: Swiss Re, 2012

Swiss Re. 2012,Flood – an underestimated risk: Inspect, inform, insure, Zurich.. .

Figure 3.19 “Flood hot spot” rankings in emerging markets

	72 Part I - Chapter 3 flooding, pluvial flooding and localized heavy precipitation (RMS, 2013 x MS (Risk Management Solutions). 2013,The 2012 UK Floods, RMS White Paper.. . ). The UK government itself estimates that around 2.4 million properties are at risk of riverine and coastal flooding in any given year (National Audit Office, 2014 x National Audit Office. 2014,Strategic flood risk management, Report by the Comptroller and Auditor General. Department for Environment, Food & Rural Affairs and Environment Agency. 5 November 2014.. . ). Flood risk contributes US$104 billion to global AAL. To put this figure into perspective, it is equivalent to twice the public health expenditure in the Middle East and North Africa or 30 per cent of annual public education expenditure in Latin America and the Caribbean. The countries with the highest absolute AAL are China, the United States of America and India. However, in relation to their capital stock, a different set of countries in South-East Asia rank even higher, with Myanmar, Lao People’s Democratic Republic and Cambodia facing the highest relative AAL from riverine floods (Figure 3.20). Relative to capital investment, many low-income and lower middle-income countries have high levels of flood AAL in relation to their capital investment (Figure 3.21) because those countries have not had the capacity to make the same investments in flood defences as high-income countries. For example, the AAL for flooding in Myanmar and Somalia represents over 20 per cent of the countries’ capital investment. This highlights the importance of prospective risk management if new capital investment is to be protected. The AAL from floods also represents an important proportion of social expenditure. Myanmar, for example, faces an AAL that is equivalent to around 200 per cent of its total social expenditure (Figure 3.22). Lao People’s Democratic Republic, Bangladesh, Cambodia and Bhutan are all challenged with AALs that represent around a third of their social expenditure. This means that floods represent a significant challenge to both capital investment and social development in many low-income and lower (Source: Swiss Re, 2012 x Swiss Re. 2012,Flood – an underestimated risk: Inspect, inform, insure, Zurich.. . .) Figure 3.19 “Flood hot spot” rankings in emerging markets	Page 1 Page 10 Page 20 Page 30 Page 40 Page 50 Page 60 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 ->Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 90 Page 100 Page 110 Page 120 Page 130 Page 140 Page 150 Page 160 Page 170 Page 180 Page 190 Page 200 Page 210 Page 220 Page 230 Page 240 Page 250 Page 260 Page 270 Page 280 Page 290 Page 300 Page 310