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Insured disaster damages top $100 billion for 4th straight year

Losses from natural catastrophes are climbing fast globally and set to double in roughly 10 years, says Swiss Re Institute.

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Raging storms pushed disaster damages above $100bn in 2023

Insured losses from natural catastrophes have been on a slow and steady rise.

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Catastrophes in 2023

In 2023, natural catastrophes resulted in economic losses of USD 280 billion. Of these USD 108 billion (40%) were covered by insurance, above the previous 10-year average of USD 89 billion.

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Natural disasters cost insurers $108 bn in 2023: Swiss Re

Natural disasters cost insurers $108 bn in 2023: Swiss Re
thefrontierpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefrontierpost.com Daily Mail and Mail on Sunday newspapers.

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Raging Storms Pushed Disaster Damages Above $100 Billion in 2023

Raging Storms Pushed Disaster Damages Above $100 Billion in 2023
bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.

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