insured losses

Catastrophe data aggregator PERILS has issued its fourth and final industry loss estimate for Windstorm Éowyn, which affected the British Isles during the period of January 24th – 25th 2025, putting the insured market loss at €765 million.

New data released by the Insurance Council of Australia (ICA) shows that the total cost of extreme weather events that impacted Australia throughout 2025 resulted in almost $3.5 billion in insured losses, stemming from 264,000 claims.

While headline global insured catastrophe loss estimates are all pointing to a tally below averages, reinsurance broker Gallagher Re has highlighted that for the United States the $100 billion of insured losses experienced in 2025 was around 12% above the 10-year average.

According to insurance and reinsurance broking group Aon, global insured losses from natural disaster events in 2025 reached $127 billion, marking the sixth consecutive year that insurance payouts have exceeded the $100 billion threshold.

For the sixth year running, 2025 will see over $100 billion of natural catastrophe losses covered by sources of insurance and reinsurance capital, according to Swiss Re’s Institute, with the research part of the reinsurer projecting a total of around US $107 billion for the year.

According to Moody’s, insured losses from U.S. severe convective storm (SCS) events reached $42 billion in the first nine months of 2025, with average per-event costs running 31% higher than the prior decade’s average, setting what the firm describes as a new “normal” for extreme weather.

Moody’s RMS Event Response has provided a best estimate for the insurance and reinsurance industry losses from recent hurricane Melissa of $3.5 billion, with a range of between $3 billion and $5 billion anticipated.

Catastrophe modelling firm Karen Clark & Company (KCC) is the latest to issue an estimate for the insurance industry loss from recent major hurricane Melissa, pegging the total at US $2.4 billion.

Hurricane Melissa is only estimated to have caused insured losses in a range from US $1 billion to US $2.5 billion in Jamaica, according to catastrophe modeller Cotality, with the total expected pegged at US $1.5 billion, while the economic impacts are far higher demonstrating the protection gap.

Verisk’s Extreme Event Solutions division estimates that insured industry losses to onshore property in Jamaica from Hurricane Melissa will likely range between $2.2 billion and $4.2 billion.