Magazine date:
Jan 2021 
A report published by Munich Re shows that the cost of natural disasters [4] 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 2021 [5]