natural disaster


$30bn insured, $98bn economic, natural disaster losses in H1: Aon Benfield

The first-half of 2016 has seen both insured and economic natural disasters come in above the long-term average, with the insurance and reinsurance industry on the hook for $30 billion of a total $98 billion economic impact, according to Aon Benfield.Global insurance and reinsurance industry losses from catastrophes, natural disasters read the full article →

$27bn of global insured cat losses in H1, above 30-year avg: Munich Re

Global reinsurer Munich Re has revealed that global, total losses from catastrophe events in the first-half of 2016 amounted to $70 billion, of which $27 billion was insured. Both overall and insured losses were above the inflation-adjusted average for the last 30 years, says Munich Re.Losses from natural disasters across read the full article →

Another billion dollar week of U.S. severe weather losses: Aon

The past week is set to result in another economic loss of over $1 billion, due to severe convective and thunderstorm weather in the U.S., where the resulting strong winds and hail, with insurance industry losses in the hundreds of millions, according to Aon.The month of March saw over $2 read the full article →

March US thunderstorm, hail, floods insured loss estimate $2bn: Aon

The insurance and reinsurance industry is set to find itself paying for an estimated $2 billion of losses due to severe thunderstorm, or convective storm, weather and resulting hail damage and floods in March, according to broker Aon.Aon Benfield’s catastrophe model development team Impact Forecasting, estimates that severe convective weather read the full article →

Record loss frequency in 2015, but only $37bn insured: Swiss Re

In 2015 only $37 billion or 40% of global catastrophe and man-made disaster losses were covered by insurance and reinsurance, according to Swiss Re, representing a coverage gap of 60% and presenting an opportunity to the industry.2015's global insured losses from natural catastrophe and man-made disaster events were significantly below read the full article →

El Niño and NAO drive climate in 2015, but not losses: Guy Carpenter

According to reinsurance broker Guy Carpenter the twin effects of El Niño and the North Atlantic Oscillation were key drivers of climate in 2015, but even with these effects the insurance and reinsurance industry only suffered $30.5 billion of industry losses.Guy Carpenter has published its Global Catastrophe Review - 2015 read the full article →

U.S. catastrophe & weather economic losses pass $1bn in February: Aon

Economic losses caused by catastrophe and weather events in the U.S. in February 2016 are expected to surpass $1 billion, while the insurance and reinsurance industry will deal with losses "well into the hundreds of millions (USD)" according to broker Aon.Severe convective thunderstorms resulted in the highest number of February read the full article →

Winter weather results in $4bn+ global economic loss in January: Aon

Severe winter weather has resulted in over $4 billion of economic losses around the globe in January 2016, with at least $2 billion resulting from the severe winter storm that impacted the U.S. northeast, according to Aon.The bill from January's global catastrophe and severe weather events will be lower than read the full article →

Insured catastrophe losses 31% below average in 2015: Aon Benfield

2015's catastrophe, natural disaster and severe weather events around the globe resulted in insurance and reinsurance industry losses of $35 billion, which is 31% below the 15 year average of $51 billion and the lowest annual insured loss since 2009.The latest annual catastrophe report from Impact Forecasting, reinsurance broker Aon read the full article →

December global catastrophe insured losses likely over $4.2bn: Aon

The significant winter storm events in the UK and U.S. have contributed to one of the largest single month catastrophe insurance and reinsurance loss bills in recent times, with December set to see an insurance bill of at least $4 billion.Impact Forecasting, reinsurance broker Aon Benfield’s catastrophe model development team, read the full article →