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: global economic losses
Swiss Re Institute Estimates Global Insured Cat Losses at $31B in H1 2020
Global economic losses from natural catastrophes and man-made disasters in the first half of 2020 were $75 billion, according to Swiss Re Institute’s preliminary sigma estimates. That was up from the $57 billion for the same period a year earlier, but well below the average of first-half economic losses of the previous 10 years ($112… Continue reading Swiss Re Institute Estimates Global Insured Cat Losses at $31B in H1 2020