Insured losses from severe thunderstorms reach new all-time high of USD 60 billion in 2023, Swiss Re Institute estimates

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<abstract displayLabel="Summary">Natural catastrophes will once again break several loss records in 2023. A high number of low-tomedium- severity events will aggregate to insured losses of more than USD 100 billion in 2023, estimates Swiss Re Institute, with severe thunderstorms (severe convective storms, SCS) being the main contributor. It is the first time ever that severe thunderstorms have caused this level of loss for the industry </abstract>
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<text>7 December 2023 ; 3 p.</text>
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