natural catastrophe

The first-half of this year has seen natural catastrophe insured losses dominated by flooding, with around 47% of total economic losses and 45% of insured losses resulting from flooding events in Europe, Canada, Asia and Australia, according to data from the world’s largest reinsurer Munich Re.

The latest sigma study from reinsurance company Swiss Re has been published today and it shows that natural catastrophes and man-made disasters in 2012 caused economic losses of $186 billion and insured losses of $77 billion. A number of large-scale weather events in the U.S. helped to push up the insured loss total for the […]

Globally the risks posed by and impacts created by droughts and heatwaves have been growing in recent years, yet drought itself remains a widely underestimated natural hazard, according to a recent report published by the worlds largest reinsurer Munich Re. According to Munich Re’s report, there have been around ten loss-producing droughts around the world […]

Reinsurance broker Aon Benfield’s catastrophe model development arm Impact Forecasting released its latest annual study of catastrophe events and the resulting economic and insured losses yesterday. The Annual Global Climate and Catastrophe Report looks back at the disasters of 2012 and provides statistics and analysis on the year versus prior loss years. Hurricane Sandy, unsurprisingly, […]

The United States (U.S.) dominated natural catastrophe insured losses in 2012, according to the world’s largest reinsurer Munich Re in its review of worldwide natural catastrophes which it published this week. As much as 90% of the global natural catastrophe insured loss total is attributed to events in the U.S. with Munich Re saying that […]

Reinsurer Swiss Re has released preliminary estimates from its sigma division for the amount of insured losses that insurers and reinsurers will have to pay from both man-made and natural disasters in 2012. They estimate economic losses from natural catastrophes and man-made disasters will likely reach $140 billion in 2012 with the re/insurance industry being […]

It’s generally assumed that insured losses from natural catastrophes tend to be driven by the regions of the world with the highest insurance uptake and property catastrophe insurance exposure. Hence the long-term trend shows the United States as the dominant source of insured natural catastrophe losses, with more than three-quarters of losses historically coming from […]

The economies of countries such as Bangladesh, Philippines, Myanmar, India and Viet Nam are among the most exposed economically to the impacts of natural disasters and weather or climate catastrophes, according to the second Natural Hazards Risk Atlas published by risk analysis and mapping firm Maplecroft.

2011 saw the highest economic losses from natural catastrophes and man-made disasters on record and the second highest insured losses ever, according to the latest sigma report from reinsurer Swiss Re. Total economic losses leaped from the $226 billion experienced in 2010 to a massive $370 billion in 2011, while insured losses came in at […]

Reinsurer Munich Re has published a review of the natural catastrophe loss event which impacted around the globe during 2011. According to their data, 2011 insured catastrophe losses reached $105 billion, beating the previous record losses of 2005 which Munich Re recorded as $101 billion.