Insurance companies Worldwide natural catastrophe losses of 310 billion dollars
Damage caused by natural disasters such as hurricanes, thunderstorms and flooding has increased worldwide this year. The USA was particularly hard hit, but floods in Europe and the Gulf States also weighed on the balance sheet.
05.12.2024, 10:25
SDA
Reinsurer Swiss Re estimates that natural disasters around the globe have caused economic losses of 310 billion US dollars so far in 2024, according to a statement on Thursday. That was 6 percent more than last year. And if man-made disasters are included, the total damage amounts to an estimated 320 billion.
However, less than half of these economic losses are insured. According to estimates by the Swiss Re Institute, this amounts to a total of 144 billion dollars or 135 billion dollars for natural catastrophe losses. In 2023, insured losses from natural disasters amounted to 115 billion.
