$320bn cost each year from man-made risks
Tuesday, 06 12 2018, Category: Economy, Country: World
Man-made risks such as cyber-crime, interstate conflicts or market crashes put an estimated $320.1 billion of global GDP ad risk on average each year, according to Lloyd's City Risk Index.
Built in collaboration with Cambridge University, the index reveals that 279 cities across the world risk losing an average of $546.5 billion in economic output annually from 22 different threats. This is comprised of $320.1bn to man-made risks and $226.4bn to natural catastrophes.
The biggest man-made threat to the global economy would be a financial market crash, putting on average $103.3bn in global economic output at risk per year.
Source: Intelligent Insurer