Overview of natural disasters in 2023

Munich ReA recent study conducted by Munich Re indicates that the economic damage caused by natural disasters in 2023 amounted to 250 billion USD. This figure is almost the same as the one recorded in 2022.

The insured losses stood at 95 billion USD, or 38% of the total claims cost.

Weather-related events claimed 74 000 lives in 2023, the deadliest being the earthquakes in Turkey and Syria.

Top 5 natural disasters in 2023: ranking by insured losses

EventDateCountryInsured losses
(in billions USD)
Economic losses
(in billions USD)
Number of deaths
Earthquake6 FebruaryTurkey, Syria5.55058 000
Tornadoes, winter storms30 March - 1 AprilUnited States4.35.533
Violent storm1 to 4 MarchUnited States4.2613
Hurricane Otis22 to 25 OctoberMexico41253
Tornadoes, violent storms 21 to 27 JuneUnited States3.95.68
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