The natural disasters They caused approximate losses of 269,000 million dollars (about 249,520 million euros) in 2023, a decrease of 9% compared to 2022, according to the annual report of the multinational reinsurance company Swiss Re.
40% of these losses (US$ 108,000 million) were covered by insurance, indicated the report, which highlights that for the fourth consecutive year the limit of 100,000 million losses for the sector was exceeded, although these fell 23% compared to to 2022.
For the first time, the natural disasters that caused the most losses to the sector were storms, since those caused by them amounted to about US$60 billion, almost double the average of the previous 10 years.
United States, with 18 storms that caused natural disasters, generated losses of about US$50,000 million, while in Europe the most affected country was Italy, with losses of US$3,300 million for the insurance sector.
The losses caused by the hurricanes were lower than other years, although Swiss Re highlighted those caused by Hurricane Otis in Mexico, or those suffered in New Zealand, which amounted to US$2.4 billion.
The fires in Hawaii caused losses of US$3.5 billion, although the natural catastrophe that caused the most losses to the insurance sector was the earthquake in Turkey and Syria, amounting to US$6 billion.
Swiss Re emphasizes that “The effects of climate change are increasingly evident” in the increase in natural disasters such as droughts and forest fires.
Source: Gestion
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