The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an industry loss of US$5.8 billion, the largest ever cat loss for the Turkish insurance market, according to CRESTA, the Zurich based insurance industry organization that provides a global standard for risk accumulation zones and natural catastrophe industry losses.
In 2023, there were seven events with industry losses exceeding this loss threshold, listed here in chronological order:
