Extreme events and insurance 2011: annus horribilis

The Geneva Report No.5

The year 2011 was unquestionably an annus horribilis in terms of natural catastrophes and this publication offers a reflection on these events. Comprising a series of high quality contributions providing both a global and detailed picture of the 2011 events. These contributions also offer a rigorous analysis of the role and mechanisms of insurance in managing climate risk and other extreme events.