Weather related disasters such as extreme heat, droughts and massive flooding are increasing in frequency and intensity in India. Ahead of a DBT trade mission, explore key opportunities in various aspects of Disaster Risk Resilience in the Indian market.
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Registration for this event is now closed. Meetings slides and recordings for select events are available to Members. Event recordings require an access code.
In India, weather related disasters such as extreme heat, droughts and massive flooding are increasing in frequency and intensity. On 314 out of 365 days in 2023, the country experienced such extreme events leading to 2,923 lives lost, almost two million hectares of crops damaged, 80,000 homes destroyed, and more than 92,000 animals killed. Rapid urbanisation, inadequate urban planning and infrastructure, improper solid waste management, encroachment of water bodies are some of the reasons for the increase in such events.
Moreover, natural catastrophes in India have led to uninsured economic losses of $32.94 billion during 2018-2022. A SwissRe analysis shows that 93% of the exposures are uninsured in India, indicating that insurance protection against natural catastrophe risks in low in the country. Challenges in bridging the large protection gap in the country include limited awareness, perception of risks as well as challenges in underwriting such as need for more granular data on existing natural catastrophe exposures and establishing more robust modelling capabilities.
British companies have an opportunity to bring their expertise in various aspects of Disaster Risk Resilience (including climate risk data, early warning systems, modelling and forecasting, disaster insurance, etc.) to the Indian market.
To help UK organisations explore these opportunities and showcase UK’s technologies and solutions in Disaster Risk Resilience, the Department for Business and Trade (DBT) is organising a UK trade mission to India in February 2025. As part of the mission, delegates will visit two Indian cities where they will have the opportunity to meet key Indian stakeholders from the industry and government, network with other stakeholders, have site visits and much more. Join us to learn more about this trade mission and hear from various subject experts about the market opportunities in India for Disaster Risk Resilience.
