Once again, the U.S. led the way in the first half of 2022 with the highest level of weather-related losses, which, globally, reached $65 billion in the period, of which slightly more than 50% were covered by re/insurance, according to Munich Re.
The reinsurer’s H1 2022 natural disaster review examines a period dominated by weather-related catastrophes in numerous parts of the world.
Overall, events in the period drove economic losses of $65 billion, which is down on last year’s $105 billion, with insured losses staying roughly the same at approximately $34 billion, reports Munich Re.
