Only 20% of catastrophe losses in Africa in 2025 were covered by insurance
Natural disasters caused worldwide damage of $224 billion (€192 billion), 39% less than the previous year, by 'pure luck', says a report released on Tuesday by the German reinsurer Munich Re. In Africa, 'they resulted in losses of approximately $3 billion (€2.5 billion), ...
Economic impact of natural disasters eases in 2025, but risks persist
Global economic losses from natural disasters fell last year, but the effects of extreme events continue to cause major concern, warns German insurer Munich Re — one of the world's largest.
Costs of natural disasters fall in 2025 but remain alarming
In 2025 total economic and insured losses from natural disasters declined compared with previous years, helped by fewer major events and improved preparedness. Despite the drop, overall damage levels remain worryingly high, with climate change, urbanisation and vulnerable infrastructure keeping long‑term costs elevated. Experts and insurers call for stronger mitigation, adaptation and financing measures.
Costs of natural disasters fall in 2025 but remain alarming
Economic losses from natural catastrophes worldwide fell by almost 40% in 2025, but the global outlook for extreme weather events remains alarming, Munich Re said today.
Natural disaster costs fall in 2025 but remain alarming
Economic losses from natural disasters worldwide fell by nearly 40% in 2025, but the global outlook for extreme weather events remains alarming, Munich Re said today.
What does the insurance sector anticipate for 2026?
Current geopolitical and economic instability, along with the increase in frequency and severity of natural disasters, will dictate the insurance sector's next steps. Add to that technological evolution and the constant need to implement these tools in the sector's operations, and you have a picture of an industry undergoing profound transformation. Consumer expectations ...
OECD recommends mandatory earthquake insurance for all buildings
The Organisation for Economic Co-operation and Development (OECD) recommends that Portugal establish a formal public–private risk-sharing mechanism, making insurance against natural disasters mandatory for all buildings. The Government, for its part, acknowledges the “clear market failure” and says it is working on “mechanisms” aimed at achieving widespread adoption ...
