Alexa
  • Directory of Taiwan

Taipei has world's highest exposure to threats: survey

Taipei has world's highest exposure to threats: survey

Taipei, Sept. 17 (CNA) Taipei's economic output has the highest exposure to manmade and natural threats in the world, with US$181.2 billion of the city's total GDP at risk over the next 10 years from 2015 to 2025, according to a recent survey by the Lloyd's international insurance market in London. In second place is Tokyo, which risks a possible economic loss of US$153.28 billion, followed by Seoul at US$103.5 billion, Manila at US$101.29 billion and New York at US$90.36 billion, the Lloyd's City Risk Index 2015-2015 shows. The index is the product of a research partnership between Lloyd's and the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School. Eighteen threats were analyzed for the purpose of the survey. They included wind storm, earthquake, flood, drought, volcano, freeze, heatwave and tsunami as well as market crash, human pandemic, oil price shock and cyber attack. Other threats were sovereign default, terrorism, power outage, plant epidemic, solar storm and nuclear accident. The total GDP risk for all 301 cities analyzed was estimated at US$4.56 trillion, out of a total projected GDP between 2015 and 2025 of US$373 trillion. The top five threats that are likely to cause the biggest economic looses worldwide over the next 10 years are market crash (US$1.05 trillion), human pandemic (US$591.81 billion), wind storm (US$586.54 billion), earthquake (US$464.75 billion) and flood (US$432.01 billion). According to the index, Taipei's combined potential losses from natural threats are the biggest globally. It ranked Taipei first worldwide for wind storm risk, third for volcano risk, fourth for earthquake risk and seventh for flood risk. Taipei's manmade threats, meanwhile, are the fourth highest globally, with market crash, oil price shock and cyber attack constituting the majority of the city's manmade threats, the index shows. (By Y.F. Low)


Updated : 2021-09-22 21:44 GMT+08:00