US EditionGlobal Insured Catastrophe Losses Set to Hit $107 Billion in 2025, Report Shows
- On Dec 16, 2025, Swiss Re issued preliminary 2025 estimates showing global economic losses of $220 billion and insured losses of $107 billion.
- The Los Angeles blazes in January caused the largest-ever insured wildfire event at $40 billion, Swiss Re said, hitting the neighborhoods Pacific Palisades and Altadena.
- Severe convective storms and North Atlantic activity drove about $50 billion in insured losses, including 13 named storms and three Category 5 hurricanes Erin, Humberto and Melissa, Swiss Re said.
- Swiss Re said insured totals are 24% lower than last year, despite the sixth consecutive year above $100 billion, thanks to a milder hurricane season in 2025.
- FM and other insurers are promoting resilience solutions and credits, with Malcolm Roberts saying, `They can't stop the hurricane coming, but they can prevent the damage when it does`, while USAA reached out to 3 million members in 2025.
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The insured damage caused by natural disasters is falling significantly in 2025. However, the forest fires in California cause high damage. What this means for the reinsurers and their shareholders.
Global insured catastrophe losses set to hit $107 billion in 2025, report shows
Annual global insured losses from natural catastrophes are expected to hit $107 billion in 2025, driven by the Los Angeles wildfires and severe convective storms in parts of the United States.
Natural disasters caused losses of $220 billion (187 billion euros) worldwide in 2025, down 33 percent from last year, according to a preliminary assessment released Tuesday by reinsurance company Swiss Re.
The amount of natural disaster losses was finally much lower in 2025 than in 2024, although the year began with costly fires in Los Angeles, according to the reinsurer Swiss Re, which notably evokes a less heavy bill during the hurricane season in the North Atlantic.
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