Munich Re Updates

Natural disasters 2024 – a loss-heavy year for the insurance market: US$ 140bn in insured losses – since 1980, only two years have been more expensive Weather catastrophes dominant – powerful...

Please refer to the attached Map.

Catastrophic flooding, extreme storms, and two earthquakes produce overall losses of roughly US$ 120bn Global insured losses, at US$ 62bn, significantly higher than the ten-year average of US$ 37bn...

Please refer to the attached Map.

Please refer to the attached Map.

Overall losses from natural disasters in 2023: US$ 250bn; more than 74,000 fatalities Insured global losses of US$ 95bn close to five-year average (US$ 105bn) and above the ten-year average (US$...

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Natural disasters responsible for high losses across the world Provisional estimates for overall losses approximately US$ 270bn, less than in extremely costly 2021 Insured losses of around US$ 120bn...

Record hurricane season: More storms in the North Atlantic than ever before Historic wildfires in the western United States Worldwide, natural disasters produced losses of US$ 210bn, with insured...

Climate change represents one of the greatest long-term risks in the insurance industry. According to the World Economic Forum’s 2020 Global Risks Report 1 – climate action failure is the highest...

BACKGROUND The United Nations Framework Convention on Climate Change (UNFCCC) underlines that the Caribbean is particularly vulnerable towards climate related hazards and the projected impacts are...

Over the past 30 years in the Caribbean, floods and tropical storm damage affected 1.5 million people directly and caused over USD 5 billion in damage. The increasing frequency and intensity of...

A number of devastating earthquakes and powerful storms made 2016 the costliest twelve months for natural catastrophe losses in the last four years. Losses totalled US$ 175bn, a good two-thirds more...

Explanation for the interpretation of loss data statistics Number statistics and loss thresholds Number statistics are influenced by a constantly improved reporting of small-scale loss events over...

Losses from natural catastrophes in 2015 were again lower than in the previous year. The natural climate phenomenon El Niño reduced hurricane activity in the North Atlantic, while it brought major...

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The review on the natural catastrophes for the first half of 2015 was characterised by the earthquake in Nepal and by the heatwave that affected India and Pakistan. Some 12,000 people fell victim to...

UNU-EHS Working Paper Series, No. 09 Abstract As a home to important flora and fauna, with rich cultural roots and heritage, island communities are often characterized by their deep social ties with...

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The absence of very severe catastrophes and a quiet hurricane season in the North Atlantic meant that losses from natural catastrophes in 2014 were much lower. At US$ 7bn, the most expensive event in...