I've just returned from WEF Latin America, where we have announced a three-year collaborative project with the GEM Foundation to create the first-ever comprehensive picture of seismic risk in Latin America to incorporate social and economic factors:
Earthquakes are an ever present risk in Latin America, where, over the past 25 years, these natural disasters have claimed 80,000 lives and caused nearly $37 billion in economic losses. It's time to act now. Mitigating earthquake risks in Latin America is the focus of the GEM (Global Earthquake Model) project. The Swiss Re Foundation has announced its three-year collaborative commitment to this project.
As its Vice Chairman, I am so pleased that the Swiss Re Foundation is working with the GEM Foundation. Understanding all the risks of earthquakes is essential to calculating its hazards especially in densely populated cities such as Lima, Peru or Quito, Ecuador. Latin America's ability to bounce back has always struck me as exemplary. More on that in this WEF blog:
Category: Climate/natural disasters: Earthquakes, Other
Location: South America