insured losses

Reinsurance firm Munich Re has estimated that global insured losses from natural catastrophe events reached US $44 billion in the first-half of 2026, below long-term averages, and a notable decline from last year’s $80 billion. 

Severe convective storm (SCS) insured losses in the United States are projected to be below average in 2026 based on recorded losses seen in the first half of the year, according to catastrophe risk modeler Karen Clark & Company (KCC).

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.

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.

A new assessment by Moody’s shows that the United States faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the country to more than $375 billion in aggregated uninsured flood losses from a 1-in-100-year event.

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.