In 2023, the largest portion of insured losses came from severe convective storms. From 2019 through to 2022, the largest portion of insured catastrophe losses worldwide were as a result of severe weather. Severe weather caused roughly 40 billion U.S. dollars in insured losses each year from 2020 to 2022. Overall, 2022 had the highest total cost of losses incurred, totaling 133 billion U.S. dollars.
Value of insured catastrophe losses worldwide from 2019 to 2023, by catastrophe type
(in billion U.S. dollars)
Data includes natural disasters that have caused at least 25 million U.S. dollars in insured losses; or 10 deaths; or 50 people injured; or 2,000 filed claims or homes and structures damaged.
Severe weather includes severe convective storms such as thunderstorms, tornadoes and hailstorms, straight-line winds and flooding that could occur with these storms.
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Insurance Information Institute. (May 21, 2024). Value of insured catastrophe losses worldwide from 2019 to 2023, by catastrophe type (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/276729/largest-insured-losses-worldwide-by-insurance-category/
Insurance Information Institute. "Value of insured catastrophe losses worldwide from 2019 to 2023, by catastrophe type (in billion U.S. dollars)." Chart. May 21, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/276729/largest-insured-losses-worldwide-by-insurance-category/
Insurance Information Institute. (2024). Value of insured catastrophe losses worldwide from 2019 to 2023, by catastrophe type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/276729/largest-insured-losses-worldwide-by-insurance-category/
Insurance Information Institute. "Value of Insured Catastrophe Losses Worldwide from 2019 to 2023, by Catastrophe Type (in Billion U.S. Dollars)." Statista, Statista Inc., 21 May 2024, https://www.statista.com/statistics/276729/largest-insured-losses-worldwide-by-insurance-category/
Insurance Information Institute, Value of insured catastrophe losses worldwide from 2019 to 2023, by catastrophe type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/276729/largest-insured-losses-worldwide-by-insurance-category/ (last visited December 23, 2024)
Value of insured catastrophe losses worldwide from 2019 to 2023, by catastrophe type (in billion U.S. dollars) [Graph], Insurance Information Institute, May 21, 2024. [Online]. Available: https://www.statista.com/statistics/276729/largest-insured-losses-worldwide-by-insurance-category/
