Analysts from Aon’s Impact Forecasting division have estimated global losses to private and public insurance entities in Q1 of 2023 at $15 billion, while total economic losses are expected to reach at least $63 billion.
According to the analysts, the $15 billion insured loss estimate is close to the average and median of the last 10 years. However, they suggest that potential loss development is likely to increase the total further.
