Disasters $313B loss - Search
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  2. $313 billion
    • According to 3 sources
    Jan 25 (Reuters) - Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon (AON.N) estimated on Wednesday, of which less than half was insured.
    The report reveals that natural disasters caused a $313 billion global economic loss during the 12-month period under review - 4 percent above the 21 st -century average - $132 billion of which was covered by insurance.
    The report reveals that natural disasters caused a $313 billion global economic loss during the 12-month period under review - 4 percent above the 21 st -century average - $132 billion of which was covered by insurance.
     
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    What is the second most expensive natural disaster?Hurricane Ian is the second most expensive natural disaster the insurance sector has ever faced. Aon estimated about 31,300 people died due to natural catastrophe events in 2022, of which about two thirds were linked to severe heatwaves in Europe between June and July.
    Why are disaster losses so low?"It was relatively low due to the fact that many of the costliest disasters occurred in countries with mature insurance markets such as U.S. or Europe, whereas losses in less-covered regions such as Asia were well below average," Michal Lörinc, head of catastrophe insight at Aon, told Reuters.
    How much economic loss did natural disasters cause?The report reveals that natural disasters caused a $313 billion global economic loss during the 12-month period under review - 4 percent above the 21 st -century average - $132 billion of which was covered by insurance.
    How many billion-dollar disasters are there?There were 50 instances of billion-dollar economic loss events, the fourth highest year on record, with only 20 of the events reaching the billion-dollar insured threshold European floods in July were the costliest disaster on record for the continent at $46 billion
     
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