Climate change has become a leading issue in public debate and in the policy agenda. The consequences of global warming are affecting several areas of the planet in a broad and uneven way, with greater effects on some regions and on the most vulnerable people, both in the advanced and the developing countries.
According to preliminary estimates, extreme weather events in 2021 caused global insured losses of USD 105 billion, the fourth highest since 1970.1 Last July flooding in Germany, Belgium and nearby countries, caused up to USD 13 billion in insured losses, economic losses of above $ billion in Germany, and at least 180 people died.