Over the last twenty years, 7,348 disaster events1 were recorded worldwide by EM-DAT, one of the foremost international databases of such events. In total, disasters claimed approximately 1.23 million lives, an average of 60,000 per annum, and affected a total of over 4 billion people (many on more than one occasion). Additionally, disasters led to approximately US$ 2.97 trillion in economic losses worldwide.