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Top 10 highest risk countries for absolute natural disaster, economic losses and hydro-meteorological risks
18th March 2009 by Raz Chaudary
In 2008, according to recent research the impact of natural disasters was estimated at US$200 billion. China and USA accounted for 90%, globally positioning them most susceptible to economic losses. The study suggests more than 800,000 people have been killed by natural disasters, more than 2 billion have been affected, and damage costs total over US$ 800 billion.
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Effective risk management enables us to become more resilient and less vulnerable to cataclysmic events. The implementation of systematic knowledge, analysis and risk management systems allows us to become better prepared and respond to potentially disastrous natural events. Business continuity management can assist in this regard.
Raz Chaudary is the Development Project Manager for Business Continuity at LRQA.