Magazine date:
Jan 2024 
A recent study conducted by Munich Re indicates that the economic damage caused by natural disasters [4] 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
| Event | Date | Country | Insured losses (in billions USD) | Economic losses (in billions USD) | Number of deaths |
|---|---|---|---|---|---|
| Earthquake | 6 February | Turkey, Syria | 5.5 | 50 | 58 000 |
| Tornadoes, winter storms | 30 March - 1 April | United States | 4.3 | 5.5 | 33 |
| Violent storm | 1 to 4 March | United States | 4.2 | 6 | 13 |
| Hurricane Otis | 22 to 25 October | Mexico | 4 | 12 | 53 |
| Tornadoes, violent storms | 21 to 27 June | United States | 3.9 | 5.6 | 8 |