The absolute socio-economic damage from natural hazards has been increasing in recent decades in many parts of the World (Formetta & Feyen, 2019;IFRC, 2020b; IPCC, 2021), resulting in numerous humanitarian crises. These socio-economic impacts have often been attributed to a single hazard event (e.g., drought, flood, cyclone) combined with static exposure and vulnerability conditions (Ciurean et al., 2018). In reality, these impacts are often the result of complex dynamic interactions between societal and physical drivers tightly interlinked with the