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.