This work combines research and empirical evidence on the economic costs of disasters with theoretical approaches. It provides new insights on how to assess and manage the costs and impacts of disaster prevention, mitigation, recovery and adaption, and much more.

The study provides forward-looking estimates for economic damages from floods and tropical cyclones (TC) for a wide range of countries using global datasets. Damages are estimated for three Intergovernmental Panel on Climate Change (IPCC) scenarios and aggregated at the country level, building them from geographically disaggregated estimates of hazard severity and economic exposures across 183 countries. The results show that, for most countries, floods and TC’s damage rates increase (i) during the estimation span of 2020 to 2100, and (ii) with more severe global warming scenarios. In line with other global studies, expected floods and TCs damages are unevenly distributed across the world. The estimates can be used for a wide range of applications, as damage rates represent the key variable connecting climate scenarios to economics and financial sector risk analysis.

Floods can have a devastating impact on life, property and economic resources. However, the systematic collection of damage data in the aftermath of flood events can contribute to future risk mitigation. Such data can support a variety of actions including the identification of priorities for intervention during emergencies, the creation of complete event scenarios to tailor risk mitigation strategies, the definition of victim compensation schemes, and the validation of damage models to feed cost-benefit analysis of mitigation actions. Volume highlights include: Compilation of real world case studies elaborating on the survey experiences and best practices associated with flood damage data collection, storage and analysis, that can help strategize flood risk mitigation in an efficient manner Coverage of different flooding phenomena such as riverine and mountain floods, spatial analysis from local to global scales, and stakeholder perspectives, e.g. public decision makers, researchers, private companies Contributions from leading experts in the field, researchers and practitioners, including civil protection actors working at different spatial and administrative level, insurers, and professionals working in the field of natural hazard risks mitigation Flood Damage Survey and Assessment: New Insights from Research and Practice will be a valuable resource for earth scientists, hydrologists, meteorologists, geologists, geographers, civil engineers, insurers, policy makers, and planners. Read an interview with the editors to find out more: https://eos.org/editors-vox/the-value-of-disaster-damage-data