Cost of natural disasters in 2020

A 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.