insured catastrophe losses

CatIQ, Canada’s insured loss and exposure indices provider, has published a final insurance industry loss estimate of CAD $1.30 billion from the wildfires that impacted the Municipality of Jasper and Jasper National Park in Alberta, Canada between July 22nd and August 17th, 2024.

Insured losses from catastrophe events across the globe in the first half of 2026 are estimated to have reached $47 billion, significantly down on last year’s $100 billion, with severe convective storms (SCS) including hail, damaging straight-line winds and tornadoes, remaining the costliest insured peril on a global basis, according to broker Aon.

While the re/insurance market continues to soften and both aggregate and multi-peril structures return to many catastrophe bonds, Harry White of Property Claim Services (PCS), a unit of Verisk, notes that severe thunderstorm losses remain a critical factor.

CatIQ, Canada’s insured loss and exposure index provider, has published its initial industry loss estimates for two severe weather events that impacted the Prairies and Montreal in Canada in June 2026, while also confirming its final loss estimate for the flooding that affected Toronto and surrounding areas in mid-July 2024.

Insured losses from natural catastrophe events across the globe in the first half of 2026 are estimated to have reached USD $46 billion, down on last year’s $84 billion and 28% below the 10-year average of $64 billion, according to reinsurance broker Gallagher Re’s H1 2026 Natural Catastrophe and Climate Report.

Catastrophe data aggregator PERILS has published its third industry loss estimate for the Victoria Bushfires which took place during the period of January 7th to 13th, 2026, with the insured industry loss now standing at AU$860 million.

Catastrophe data aggregator PERILS has updated its estimate of insurance industry losses for extratropical windstorm Goretti, also known as Elli, that affected southwestern England, northern France and Belgium in early January, slightly lowering the total to EUR 468 million.

Catastrophe data aggregator PERILS has updated its estimate of insurance industry losses for the severe convective storms (SCS) that impacted Queensland and New South Wales between November 21st to 27th, 2025, slightly lowering the total to AU $2.943 billion.

Catastrophe data aggregator PERILS has updated its industry loss estimate for extratropical windstorm Nils, also known as Ulrike, that battered the Nouvelle-Aquitaine and Occitanie regions in southwest France in mid-February, lifting the total almost 31% to €767 million.

Catastrophe data aggregator PERILS has published its third industry loss estimate from the severe convective storms (SCS) that struck Australia’s East Coast in late October, placing the insurance market loss at AU $1.501 billion (approx US $1.072bn), a slight decline from its second estimate that was published in February.