Higher losses from natural disasters: urbanization, climate change, and inflation
nzz.ch/finanzen/schaeden-aus-naturkatastrophen-steigen-jaehrlich-an-ld.1881905
Photo: nzz.ch · view article
Key FactsRising Costs from Natural Disasters: Causes and Trends
Apr 29, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: nzz.ch
Summary created with AI assistance · Source: nzz.ch
- Insured losses from natural disasters increase by 5 to 7 percent annually, driven by urbanization, inflation, and climate change.
- Last year, global insured losses amounted to $137 billion, with hurricanes and floods causing the highest costs.
- An extreme year of natural disasters could push insured damages over $300 billion, with hurricanes and earthquakes identified as major threats.
- Rising losses are attributed to increased wealth, inflation, urbanization, and construction activities in high-risk areas.
People own more. Therefore, it costs more to rebuild damaged buildings today than it did twenty or thirty years ago.— Balz Grollimund, Head of the Catastrophe Risk Division at Swiss Re, explains the reasons for the rising insured damages.
Story Details
| Last Updated | |
| Total Articles | 2 |
Main Topics
major adverse event resulting from natural processes of the Earth, which may cause loss of life or property
human-caused changes to climate on Earth
Similar to This
Previous
Floods, storms, earthquakes: This is how the Cochem-Zell district insures its buildings
rhein-zeitung.de/lokales/kreis-cochem-zell/so-versichert-der-kreis-cochem-zell-seine-gebaeude_arid-4167586.html
Gov’t looking at new economic model for Black River coastline : WESTERN BUREAU: Prime Minister Dr Andrew Holness says the Government has no intention of ...
jamaica-gleaner.com/article/news/20261102/govt-looking-new-economic-model-black-river-coastline
Houses should be better insured against natural hazards: Floods, torrential rain, earthquakes: Houses are not routinely insured against damage from such natural ...
tagesschau.de/inland/innenpolitik/versicherungen-naturkatastrophen-100.html
Natural disaster insurance: How Nepal will finance its reconstruction: The Bhotekoshi floods have left Nepal facing a huge rebuilding bill. But with only part of ...
business-standard.com/world-news/natural-disaster-insurance-how-nepal-will-finance-its-reconstruction-126090400103_1.html
OpinionClimate crisis and costs: When insurance companies no longer provide insurance.: Damage from natural disasters continues to rise, insurers are now also warning ...
taz.de/Klimakrise-und-Kosten/!6145306/
Wildfires, storms fuel 2025 insured losses of $108 billion, Munich Re says: Global insured losses from natural disasters fell to $108 billion last year ...
reuters.com/sustainability/climate-energy/wildfires-storms-fuel-2025-insured-losses-108-billion-munich-re-says-2026-01-13/
Disaster losses drop in 2025, picture still 'alarming': Munich Re: Natural disaster losses worldwide dropped sharply to $224 billion in 2025 ...
phys.org/news/2026-01-disaster-losses-picture-alarming-munich.html
Munich Re and Co.: Damages decrease significantly - | Is the next rally coming now?
deraktionaer.de/artikel/aktien/munich-re-und-co-schaeden-sinken-deutlich-kommt-jetzt-die-naechste-rally-20392243.html
Natural disasters hit global economy for $220bn in 2025: Swiss Re: LA wildfires caused $40bn in insured losses, making it the costliest ever disaster of its kind ...
aljazeera.com/news/2025/12/16/natural-disasters-hit-global-economy-for-220bn-in-2025-swiss-re
Between climate change & digitalization: NV CEO in conversation: Natural hazards are increasing, damage is reaching record levels. In 2024 alone ...
noen.at/niederoesterreich/wirtschaft/experten-interview-zwischen-klimawandel-und-digitalisierung-495469419
"World Risk Report 2025" - | 1.8 billion people at risk of flooding: Social inequality and weak health systems are increasing the risk of catastrophic ...
stuttgarter-nachrichten.de/inhalt.weltrisikobericht-2025-1-8-milliarden-menschen-von-ueberschwemmungen-bedroht.fbe32498-354e-491a-a4f3-b81dc5969bf5.html
How wildfires and extreme global weather could lead to your insurance rising: Losses from natural catastrophes such as floods and wildfires are driving up ...
inews.co.uk/news/business/how-wildfires-and-extreme-global-weather-could-lead-to-your-insurance-rising-3845269
Natural disasters have caused more than $131 billion in losses so far in 2025: The Los Angeles wildfires and severe spring thunderstorms are some of the natural ...
cbsnews.com/news/natural-disasters-damage-losses-2025/
Natural disaster report: Munich-based insurer takes stock: Forest fires in the USA, rockfalls in the Alps - | Munich-based insurer Munich Re reports losses of ...
zdfheute.de/wirtschaft/klima-naturkatastrophen-bericht-alpen-100.html
Natural disasters cause $131 billion in damage: It doesn't always have to be a major natural disaster: According to reinsurer Munich Re ...
tagesschau.de/wirtschaft/weltwirtschaft/schaden-naturkatastrophen-100.html
Extreme weather will cause billions in damage in Germany in 2024: Flooding, in particular, caused insured losses of €5.7 billion last year. Bavaria and ...
tagesschau.de/wirtschaft/verbraucher/wetterextreme-schaeden-milliarden-versicherung-100.html
Building insurance and natural hazards: These are typical gaps: In Valais, of all places, building insurance is not mandatory. But even those who have taken out ...
tagblatt.ch/schweiz/ratgeber-wie-gut-sind-sie-gegen-naturgefahren-versichert-das-sind-die-typischen-luecken-in-der-vorsorge-ld.2778668
Natural hazards cost insurers €5.7 billion: Natural hazards, from hail to flooding, hit Bavaria and Baden-Württemberg particularly hard last year ...
faz.net/aktuell/finanzen/naturgefahren-kosten-versicherer-5-7-milliarden-euro-110509509.html
Homeownership: Compulsory insurance against natural hazards is coming: Extreme weather events are becoming increasingly likely. Now compulsory insurance against ...
noz.de/lebenswelten/haus-garten/artikel/hausbesitz-pflichtversicherung-gegen-elementarschaeden-kommt-48793299
Next