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Insured disaster damages top $100 billion for 4th straight year

Losses from natural catastrophes are climbing fast globally and set to double in roughly 10 years, says Swiss Re Institute.

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Raging storms pushed disaster damages above $100bn in 2023

Insured losses from natural catastrophes have been on a slow and steady rise.

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Catastrophes in 2023

In 2023, natural catastrophes resulted in economic losses of USD 280 billion. Of these USD 108 billion (40%) were covered by insurance, above the previous 10-year average of USD 89 billion.

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Natural disasters cost insurers $108 bn in 2023: Swiss Re

Natural disasters cost insurers $108 bn in 2023: Swiss Re
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Raging Storms Pushed Disaster Damages Above $100 Billion in 2023

Raging Storms Pushed Disaster Damages Above $100 Billion in 2023
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Swiss Re: Natural disasters cost US$108 billion to insurance companies in 2023

Swiss Re: Natural disasters cost US$108 billion to insurance companies in 2023
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Natural disasters cost insurers $108bn in 2023 - Swiss Insurance firm

Natural disasters caused $280bn in damage worldwide in 2023, including $108 billion covered by insurance companies, Swiss reinsurance giant, Swiss Re, said on Tuesday, warning the bill could double within 10 years.

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Swiss Re warns insured disaster losses could double in a decade

Insured property losses could double in the coming decade due to climate change and more frequent and more intense severe weather events, reinsurance giant Swiss Re warned Tuesday.Swiss Re estimates that insured losses "could double within the next 10 years as temperatures rise and extreme weather events become more frequent and intense".

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Swiss Re Warns Insured Disaster Losses Could Double In A Decade

Insured property losses could double in the coming decade due to climate change and more frequent and more intense severe weather events, reinsurance giant Swiss Re warned Tuesday.

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Swiss Re warns insured disaster losses could double in a decade

Swiss Re warns insured disaster losses could double in a decade
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