Natural catastrophe and climate report

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      <subfield code="a">Foreword -- Executive Summary -- Newsworthy Topics: Climatic and Sustainability -- Global Nat Cat Overview -- In Focus -- Weather / Climate Review -- Regional Recaps -- Appendix</subfield>
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      <subfield code="a">In 2025, the estimated direct economic costs from global natural perils were USD296 billion. The private insurance market and public insurance entities covered an estimated USD129 billion of that total. The 5-year annual average loss for insurers from natural catastrophes has grown to USD155 billion as changes in hazard, societal, and economic behavior combine to drive more expensive disasters.</subfield>
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