Natural disasters caused $313 billion in economic damage in 2022

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Natural disasters, largely driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon calculated, of which less than half were insured.

Natural disaster losses covered by the insurance sector amounted to $132 billion, up 57% from the average since the beginning of the 21st century.

The number of catastrophic events such as floods and hurricanes has increased in Last year, there were at least 421 natural disasters, compared with an average of 396 since 2000.

According to the report, 75% of global insured losses were in the United States, where Hurricane Yen hit Florida in September 2022, caused insured damage in the amount of $50 to about $55 billion with a total economic damage of $95 billion.

Hurricane Yen is the second costliest natural disaster the insurance sector has ever experienced.

In Australia, flood-related insurance losses hit a record $4 billion as a wet weather pattern called La Niña has extended its influence into 2022, bringing heavy rains and flooding across the country.

Similarly, Pakistan's monsoon season has seen rainfall 175% above average from July to September.< /p> Follow us on Telegram