The United Nations Sendai (2015) framework aims to reduce disaster risk. We offer a careful definition and computation … of the individual and property risk targets. Selecting the largest and better studied class of “natural disasters” over … the period 1970-2018, we show that individual risk is “likely” falling, that property risk is neither rising nor falling …

risk preparedness, primarily due to households’ deteriorating financial circumstances …

natural disasters are shared internationally to a generally very limited extent. This finding of home bias in disaster risk …-bearing poses a puzzle of international risk-sharing. We decompose international risk-sharing into the portion of losses insured and … the portion ofinsurance that is internationally re-insured. We find that the failure of international risk-sharing begins …