Most common disasters are oil and chemical product spills, economic collapse, nuclear accidents, terrorist attacks, power supply interruptions, hydroelectric dam failures, biological and chemical threats, and war. The difference between natural and man-caused disasters is the element of human intention or negligence that leads to human suffering and environmental damages. Although man-caused disasters resemble natural disasters, humans have a direct influence on their occurrence.
Life insurance protects against these incidents and reduces the impact caused by fortuitous acts, which can cause the loss of lives and material possessions.
Source: Swiss Re, sigma, Natural Catastrophe and man-made disasters 2010 to 2017. Annual Publication. https://www.iii.org/table-archive/22114 Accessed online.