Global insured catastrophe losses rise to USD 112 billion in 2021, the fourth highest on record, Swiss Re Institute estimates

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<title>Global insured catastrophe losses rise to USD 112 billion in 2021, the fourth highest on record, Swiss Re Institute estimates</title>
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<namePart>Bevere, Lucia</namePart>
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<dateIssued>2021</dateIssued>
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<abstract displayLabel="Summary">Extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves and a major hurricane, resulted in annual insured losses from natural catastrophes estimated at USD 105 billion, the fourth highest since 19701, according to Swiss Re Institute's preliminary sigma estimates. While Hurricane Ida was the costliest natural disaster in 2021, winter storm Uri and other secondary peril events caused more than half of total losses as wealth accumulation and climate change effects in disaster-prone areas drive claims. Man-made disasters triggered another USD 7 billion of insured losses, resulting in estimated global insured losses of USD 112 billion in 2021.</abstract>
<note type="statement of responsibility">Lucia Bevere, Thomas Holzheu, Irina Fan,</note>
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