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Tag: natural catastrophes


Capital and Risk, Insurance

Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re

March 22, 2023

Via: Insurance Journal

Natural disasters in 2022 brought global economic losses of US$275 billion, of which insurance covered 45%, or US$125 billion, according to Swiss Re’s latest sigma report. Claims from Hurricane Ian in Florida, record breaking losses from hailstorms in France, floods […]


Capital and Risk, Insurance

Insured Losses From N. Zealand Floods Estimated at US$1.02B, With Profit Hit Expected

March 15, 2023

Via: Insurance Journal

The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Losses incurred so far in […]


Capital and Risk, Insurance

Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050

August 29, 2022

Via: Insurance Journal

Worsening droughts, storms and torrential rain in some of the world’s largest economies could cause $5.6 trillion in losses to GDP by 2050, according to a report released Monday. This year heavy rains have triggered floods that inundated cities in […]