Sheetal2312 May, 2025Technology
The growing impact of climate change has notably intensified the frequency and severity of weather-related natural disasters, serving as a key driver for the industry's growth. According to the World Meteorological Organization (WMO), the occurrence of such disasters has increased fivefold over the past 50 years due to climate change, weather, and water-related factors. These events have led to 2 million fatalities and economic losses totaling USD 4.3 trillion.
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