Floods and storms drive global insured catastrophe losses of USD 38 billion in first half of 2022, Swiss Re Institute estimates

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      <subfield code="a">A series of winter storms in Europe, unprecedented flooding in Australia and South Africa as well as a high number of thunderstorms in the US and Europe resulted in USD 35 billion of insured losses from natural catastrophes in the first half of 2022, according to Swiss Re Institute's preliminary estimates. Man-made events triggered an additional USD 3 billion in insured losses, bringing total catastrophe insured losses to USD 38 billion. The record-high temperatures in many parts of Europe may lead to further losses caused by droughts and wildfires. The severe weather events of the past six months once again highlight that natural catastrophes, particularly secondary perils, are increasing in frequency and severity in all regions. </subfield>
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