Natural catastrophes : insured losses on trend to USD 145 billion in 2025

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      <subfield code="a">The experience of last year show that global insurance losses from natural catastrophes still follow the 5-7% annual growth rate (in real terms) that has been the norm of recent years. If the trend holds, insured losses will approach USD 145 billion in 2025. This year started with wildfires sweeping across the Los Angeles area in January. The currently estimated USD 40 billion of resultant insured losses is a record high for a single fire event but on their own will not be cause of notable deviation from the annual loss growth trend</subfield>
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