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Uncounted costsData gaps hide the true human impacts of disasters in 2023

Worldwide, natural disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year US$ 125bn), according to the latest report by Munich Re, one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. Overall losses tally with the five-year average,Worldwide, natural disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year US$ 125bn), according to the latest report by Munich Re, one of the world’s leadin...

Worldwide, disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year US$ 125bn).

Multiple countries are looking to cooperate with China in the field of meteorological technology to address the climate change challenges that have gripped countries around the world.

Record temperatures intensified the impact of storms like Daniel, leading to severe floods in Libya, especially in the city of Derna. As such extreme events become more common, organizations like CARE are innovating solutions. With North Africa warming at twice the global rate, urgent action, including disaster risk reduction and resilience investment, is crucial.