The average annual loss of infrastructure including buildings caused by disasters in Africa is $12.7 billion, a
ccording to the Coalition for Disaster Resilient Infrastructure.
Of the damage 70% is caused by floods followed by earthquakes at about 28%, which are less frequent but m
ore catastrophic, the group said in a report on Monday. The CDRI consists of United Nations agencies, development banks, private companies and academic institutions.
“Climate change is expected to increase the impact of disasters on infrastructure by as much as 27%, resulting in average annual loss of $2.4 billion,” the re
port said, without giving a date. “Africa is one of the most vulnerable regions to climate-related disasters.”
At a regional level, the worst devastation is in eastern Africa at $5.5 billion, followed by northern Africa at $2.3
billion. The continent’s south suffers damage of approximately $2.3 billion, while $1.58 billion is lost in the west. At a country level, the nations with the worst destruct
ion are South Africa at $1.7 billion, Nigeria with $1.1 billion and Algeria at $1 billion.
Smaller nations with sparser infrastructure have fewer losses, although the damage is relatively more significant to their economies. Average annual loss represe
nts 1.5% of Lesotho’s gross domestic product, 1.25% for Mauritius and 1% for Comoros.
Photo: Flooded roads in Gqeberha, South Africa, on June 10, 2025. Photo credit: Lulama Zenzile/Gallo Images/Getty Images
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excited to launch this opportunity in collaboration with Axis and with t
he support of Flexpoint and Sixth Street, both exceptional insurance investors with long track records in the specialty ecosystem.”
Daniel Draper, group chief underwriting officer of Axis, said the trading relationship expands the company’s reach into targeted markets.
“We worked closely with Ryan Specialty to carefully select an attractive portfolio of specialty MGAs that fit our risk-reward parameters and align with our del
egated underwriting strategy and partnership criteria,” he continued. “This relationship reflects the progress Axis had made in expanding our ability to drive profitable
growth with our trading partners, delivered responsibly and sustainably, with established controls to