insured catastrophe losses

CatIQ, the Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has estimated the one-year industry loss caused by the flash flooding that impacted southern Ontario on July 15 and 16 to be CAD $899 million.

Insured losses from natural catastrophe events around the globe in the first half of 2025 are estimated to have reached $84 billion, 55% higher than the decadal average, and marks the highest H1 total since 2011’s $136 billion, according to a recent report by reinsurance broker Gallagher Re.

Insured losses from catastrophe events across the globe in the first half of 2025 increased to at least $100 billion, which marks the second highest recorded after 2011’s $140 billion, with the increase heavily driven by the California wildfires and severe convective storm (SCS) activity in the US, according to broker Aon.

Insured losses from US hurricanes could rise by nearly 50% if global temperatures rise by 2°C, according to a recent study by MS Amlin, the Lloyd’s global insurer and reinsurer.

Total insured losses from catastrophe events in the first half of 2025 could reach as high as $90 billion, which would make it the second-highest first half on record, according to an estimate from analysts at Jefferies.

Following a very active start to the year, the second quarter of 2025 appears to have been significantly quieter in terms of large natural catastrophe losses for the global re/insurance industry, according to a new report from J.P. Morgan.

Insurance industry losses from the ice storm that hit Ontario and Quebec between March 28 and 31 are estimated to have reached CAD $416 million, according to CatIQ, Canada’s insured loss and exposure index provider

New data released by the Insurance Council of Australia (ICA) shows that the total insured cost of extreme weather events that impacted Australia in the first half of 2025 has now exceeded AU $1.8 billion, stemming from 148,437 claims.

According to an analysis from reinsurer Swiss Re, a repeat of 2005’s hurricane Katrina hitting in an identical manner using today’s exposure values and protective measures, could drive an insured loss close to $100 billion.

Catastrophe data aggregator PERILS has lowered its estimated insured losses from Cyclone Alfred to AU $2.250 billion, down 12% from the initial loss estimate of AU $2.568 billion issued in April 2025, six weeks after the event.