Global economic losses from natural catastrophes hit $380 billion in 2023, with insured losses coming in at $118 billion, according to a new report from Aon. The protection gap – the difference between insured and economic losses — reached 69% in 2023, up from 59% in 2022.
Tag: Aon Report
Aon: Record $50B U.S. Severe Convective Storm Losses Drive Total Natural Catastrophe Toll in 2023
For the first time, insured losses from SCS in the U.S. surpassed $50 billion and accounted for 60% of global insured losses.
64% of $268B Global Damage from 2020 Natural Disasters Uninsured: Aon
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launches its global Weather, Climate & Catastrophe Insight: 2020 Annual Report. The report evaluates the impact of global natural disaster events to identify trends, manage volatility and enhance resilience. The report reveals that the 416 natural… Continue reading 64% of $268B Global Damage from 2020 Natural Disasters Uninsured: Aon