Cat losses of $125bn in 2022 fourth-highest on record: Swiss Re
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Cat losses of $125bn in 2022 fourth-highest on record: Swiss Re

Samuel Casey
22 March 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
storm general.jpg

Insurance losses from natural catastrophes hit $125bn in 2022, covering around 45% of $275bn in economic losses, according to Swiss Re’s Sigma report.

The reinsurer said the insured losses were the fourth-highest on record and had helped to contribute to catastrophe reinsurance rates rising to 20-year highs at the 1 January renewals.

Hurricane

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Swiss Re
sam casey/sam casey ii red.png
Samuel Casey
Senior Reporter
Contact
Gift this article