At the 5th Global Summit of Global Alliance of Disaster Research Institutes (GADRI), Ms. Zuzana Stanton-Geddes presented key findings from the “Economics for Disaster Prevention and Preparedness” analytics undertaken through a collaboration between the European Commission and the World Bank(World Bank 2021; European Commission 2021). To deepen the knowledge base on Europe’s exposure to key risks and understanding of actions to strengthen prevention and preparedness, a set of three reports were developed under this analytical project focusing on physical, financial, and institutional resilience. The goal of the reports was to provide evidence and guide policymakers and practitioners with actionable recommendations to inform smart strategies and investments which can strengthen disaster and climate resilience in a way that delivers high social, economic, and environmental benefits, and how these can be linked with efforts to increase financial resilience and institutional capacity. The analytics supported Member States and Participating States of the European Commission’s Union Civil Protection Mechanism (UCPM) in quantifying the fiscal and economic impacts of natural disasters, the costs and benefits of possible prevention measures, and identified potential opportunities to increase their financial resilience. This paper summarizes the findings of this set of three reports.