Catastrophe Risks
Swiss Re: Natural Catastrophe Insured Losses Projected to Reach USD 145 Billion in 2025
Swiss Re's latest sigma report projects global insured losses from natural catastrophes could reach $145 billion in 2025, continuing a 5–7 percent annual growth trend. In peak years, driven by hurricanes or earthquakes, insured losses could rise to $ 300 billion, highlighting the growing need for reinsurance capital and mitigation. Learn More
First-Quarter Catastrophe Losses Exceed Average Losses for Period
Catastrophes were responsible for at least $83 billion in economic losses worldwide during the first quarter of this year, well above both the 21st century first-quarter average of $61 billion and the $54 billion in losses during the same period last year, according to Aon. Learn More
Catastrophe Bond Issuance Hit a Record Pace During First Quarter
New issuance of catastrophe bonds and related insurance-linked securities (ILS) began 2025 at a record pace, with $7.1 billion in first-quarter issuance, according to a new report from Artemis. New catastrophe bond and ILS issuance during the first quarter was up $2.8 billion from the same period in 2024. Read More
Colorado State Team Predicts Above-Average Atlantic Hurricane Season
Researchers at Colorado State University (CSU) are forecasting above normal activity for the 2025 Atlantic hurricane season. The CSU team's initial 2025 Atlantic hurricane forecast predicts 17 named storms with 9 of those storms becoming hurricanes, 4 of which are expected to be major hurricanes of Category 3 or higher. Read More
Willis and The Nature Conservancy Unveil Wildfire Policy Tied to Forest Mitigation Efforts
Willis and The Nature Conservancy introduced a wildfire insurance policy leveraging alternative risk transfer. Designed for Tahoe Donner, it lowers costs by recognizing ecological forest management, such as thinning and prescribed burns. The innovative approach addresses insurance market instability in wildfire-prone areas like California. Read More
Gallagher Re's 2024 Report: Rising Catastrophe Losses and Insurance Trends
Gallagher Re's "Natural Catastrophe and Climate Report 2024" examines global disaster losses, insured costs, and climate risk trends. With economic losses hitting $417 billion and insurers covering $154 billion, the report highlights rising catastrophe costs, regulatory developments, and strategies to address growing climate-related risks in the insurance sector. Read More
Parametric Insurance Delivers First Payout to Vietnam's Coffee Farmers
Willis and Global Parametrics delivered a parametric insurance payout to Vietnam's coffee farmers affected by drought. Using satellite rainfall data, the policy ensures rapid compensation without lengthy claims processes. Supported by the Natural Disaster Fund, this risk transfer solution enhances financial resilience for coffee growers facing climate-related challenges. Read More