Number of $1bn+ insured cat losses hits all-time high in 2023: Aon

23 January 2024

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Global insured cat losses hit $118bn last year, with the number of events causing insured losses of $1bn or more reaching 37 – higher than ever before – according to Aon.

In its 2024 Climate and Catastrophe Insight report, the intermediary tallied 398 natural disasters last year, causing $380bn in economic losses, 22% above the 21st century average.

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Number of $1bn+ insured cat losses hits all-time high in 2023: Aon

Global insured cat losses hit $118bn last year, with the number of events causing insured losses of $1bn or more reaching 37 – higher than ever before – according to Aon.

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Number of $1bn+ insured cat losses hits all-time high in 2023: Aon

Global insured cat losses hit $118bn last year, with the number of events causing insured losses of $1bn or more reaching 37 – higher than ever before – according to Aon.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM

Rokstone partners with NormanMax to launch parametric product

RenRe grows partner capital AuM to $7.72bn