Total global insured losses in 2025 at $107 billion, 24% lower than $141 billion recorded in 2024

Total global insured losses in 2025 at $107 billion, 24% lower than $141 billion recorded in 2024

Balz Grollimund, Swiss Re’s Head Catastrophe Perils, says: “We are observing a steady rise in losses from severe convective storms. Urbanisation in hazard-prone areas, rising asset values, higher construction costs and factors such as ageing roofs have...

Severe thunderstorms drive insured losses to $ 60 billion in first half of 2024, Swiss Re

Balz Grollimund, Head of Catastrophe Perils at Swiss Re, said: “In recent years, severe thunderstorms have emerged as a main driver of a significant increase in insured losses. This is due to growing populations and higher property values in urban areas, along...