Pakistan and India: What’s the global cost of natural disasters?

Global natural disasters are striking harder and more often, with climate emergencies now breaking records year after year.
The UN says a child born today faces a nearly nine in 10 chance of experiencing a catastrophic flood during their lifetime.
The financial toll is staggering, with more than $200bn a year.
That could rise to as much as $2.3 trillion, once knock-on effects are included.
But who will pay when the storms hit?