New Zealand is an example of where risk sharing has worked. As a multi-hazard environment, New Zealand is under threat from earthquakes, tsunamis, volcanoes, and weather-related hazards. The cost of these hazards are huge; the Canterbury Earthquake (2010) alone cost the country 20% of it's national GDP. There are now attempts to share the risk by insurance investment, so strategies can be put in place before the disasters rather than investing more in a clean up.