We are pleased to share A Century of Floods in China—Historical Patterns and the Evolving Drivers of Loss. This is part 1 of our 3-part China Flood Series. The next 2 installments will be From Engineering Dominance to Integrated Resilience—China’s Flood-Management Transformation and The Intensifying Urban Flood Threat—Building Financial and Physical Resilience in China.
Historically, flooding has posed a significant threat across China, with increasing frequency and severity driven by climate change and rapid urbanization.
Recent flood events have resulted in substantial economic losses, with a growing share falling within the scope of insured assets. For the insurance industry, understanding the interaction between climate change, urbanization and government policies is crucial to refining underwriting precision, improving risk pricing and optimizing portfolio management.