$152 Billion and Rising: New Report Shows Insurance Industry Facing Growing Average Annual Losses from Natural Catastrophes
8 Articles
8 Articles

$152 Billion and Rising: New Report Shows Insurance Industry Facing Growing Average Annual Losses from Natural Catastrophes
JERSEY CITY, N.J., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today revealed that the global modeled insured average annual property loss (AAL) from natural catastrophes has risen to $152 billion.…
The insurance industry is facing a turning point: According to the new "Global Modeled Catastrophe Losses Report", the average annual damage caused by natural disasters has risen to 152 billion dollars (130 billion euros). Inflation, urbanization and climate change significantly shift the risk profile to steady, loss-rich frequency damage and away from rare extreme events. According to Verisk, so-called "Frequency Perils" are gaining in importan…
Average annual insured losses from nat cats rise to $152bn: Verisk
The global modelled insured average annual property loss (AAL) from natural catastrophes has increased to $152 billion, according to the latest annual report from Verisk’s Extreme Event Solutions business. This means that the insurance industry should now be prepared for total annual insured property losses from natural catastrophes that far exceed that amount. The report highlighted a $32 billion increase in non-crop global modelled insured AAL…
Over the past five years, insured damage from natural disasters has on average amounted to 132 billion US dollars per year. In the previous period, the figure was 104 billion dollars. The damage now caused is no longer seen as a runaway but as a normal condition, warns risk modeler Verisk. The article Verisk warns against global insurance gap appeared first on insurance industry today.
Coverage Details
Bias Distribution
- 75% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium