Weather, climate & catastrophe insight : 2018 annual report

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      <subfield code="a">Economic losses from natural disasters in 2018 were significantly diminished from the major losses incurred in 2017. However, the USD225 billion total marked the third consecutive year of catastrophe losses surpassing the USD200 billion threshold and was the 10th time since 2000. In terms of economic losses resulting solely from weather disasters  which are defined as events caused by atmospheric-driven scenarios  the global total was USD215 billion. This was a notable reduction from the record-setting tally set in 2017 at USD438 billion but was the sixth-highest total for weather disasters since 1980.
The biggest driver for catastrophes in 2018 was the tropical cyclone peril following several significant landfalling storms, including Hurricane Michael and Hurricane Florence (United States), Typhoon Jebi and Typhoon Trami (Japan), Typhoon Mangkhut (Asia), and Typhoon Rumbia (China). Each of those storms minimally caused at least USD4 billion in damage</subfield>
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