The Burning Issue: Managing Wildfire Risk

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In recent years, countries such as Canada, the United States, Spain, Portugal, Greece and Chile have experienced unusually severe fires, claiming hundreds of lives and causing billions of dollars in damage. Wildfires have also broken out in countries previously unaccustomed to the problem. In 2018, for example, northern European countries experienced between 20 and 200 times more area burned than normal, according to Robert Bailey, Director, Climate Resilience, Marsh & McLennan Advantage, Insights and Jaclyn Yeo, Research Manager, Marsh & McLennan Advantage, Insights.

This apparent surge in wildfire activity has caused growing concern about wildfire risk around the world and has led some to ask whether large and destructive megafires are becoming the new normal.

In The Burning Issue: Managing Wildfire Risk, Marsh & McLennan Insights examines the global outlook for wildfire risk in the context of climate change and urban expansions into fire-prone wildlands. The report addresses the total cost of wildfires as well as the drivers of wildfire risk and the outlook in key regions of the world. It concludes with a series of recommendations for how wildfire risk can be managed.

Download the report: The Burning Issue: Managing Wildfire Risk >>