Worldwide, natural disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year US$ 125bn), according to the latest report by Munich Re, one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. Overall losses tally with the five-year average,Worldwide, natural disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year US$ 125bn), according to the latest report by Munich Re, one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. Overall losses tally with the five-year average, » The FINANCIAL Featured
Natural Disasters Cause $250 Bn Loss Globally In 2023
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Natural disasters cause $250 billion global loss in 2023
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Natural disasters caused losses of around $250 billion across the globe in 2023, German reinsurer Munich Re said in its annual report. Thunderstorms in North America and Europe were "more destructive than ever before", Xinhua news .