Cost of natural disasters in 2020

natural disastersA report published by Munich Re shows that the cost of natural disasters has reached 210 billion USD in 2020, an increase of 26.5% compared to 166 billion USD in 2019.

The insured losses amounted to 82 billion USD, that is 39% of the total incurred losses: 43% higher than in 2019.

With 67 billion USD, hurricanes and fires in the United States represent the most important share of insured losses.

The flood-related damages in China cost 17 billion USD, only 2% of which are covered by insurers.

Read also | Natural disasters in 2019

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