insured losses

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.

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.

New data released by the Insurance Council of Australia (ICA) shows that the total cost of extreme weather events that impacted Australia throughout 2025 generated AUD $4.8 billion in insured losses in 2025, up 727% on the previous year, as claim numbers spiked to 294,000, of which over $4.1 billion came from Queensland alone.

In order for the current downward trajectory of pricing in property insurance and reinsurance to be meaningfully shifted broker Gallagher Re says that an anomalously high loss burden will be required.

Reinsurance broker Gallagher Re has estimated that total insured catastrophe losses for the opening quarter of 2026 reached at least US$20 billion, 26% lower than the decadal average of $26 billion, and 47% below the most recent 5-year average.