French cities’ resilience to risks

According to a recent survey published by Lloyd’s, man-made risks stand as a bigger threat for French economy than natural risks. For the country as a whole, the sums disbursed in compensation caused by market crash is poised to amount to 1.96 billion USD while those caused by cyber attacks would amount to 1.49 billion USD.

Losses resulting from floods, the most dreaded natural risk by the French, would amount to 1.55 billion USD.

The big French cities, Paris, Lyon, Marseille, Toulouse and Nice are under the threat of losing an average 8.06 billion USD, 5.05 billion USD of which for man-made risks and 3.01 billion USD for natural disasters. Paris, alone, is likely to report combined (man-made and natural) losses of 5.94 billion USD, or 0.2% of 2017 national GDP.

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