Global reinsurance giant Munich Re has issued a preliminary estimate of $43 billion for first-half 2023 natural disaster insured losses around the globe, a figure that is well below the estimates issued by leading reinsurance brokers.
Broker estimates of industry catastrophe losses are often the highest figures, but typically it is by a relatively small margin.
This is because the broking groups often capture a range of smaller events in their catastrophe loss reports, than the major reinsurance firms.
