PACIFIC CATASTROPHE RISK ASSESSMENT AND FINANCING INITIATIVE

Vanuatu is expected to incur, on average, 48 millionUSD per year in losses due to earthquakes and tropicalcyclones. In the next 50 years, Vanuatu has a 50% chanceof experiencing a loss exceeding 330 million USD andcasualties larger than 725 people, and a 10% chanceof experiencing a loss exceeding 540 million USD andcasualties larger than 2,150 people.