News

2023 natural disasters caused £299bn of economic losses globally – Aon

By 2024-01-25T10:39:00

CLimate

’Severe weather and climate-related risks now pose an existential threat to the way we live and work,’ says broker’s global chief executive

The cost of global natural disasters to the world’s insurance industry reached £92.9bn ($118bn) in 2023 – 31% over the average for the 21st century.

That was according to Aon’s 2024 Climate and Catastrophe Insight report, which was published yesterday (25 January 2024). 

Read more…

Explore more ESG-related content here or discover other news stories here 

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Register for FREE now and Keep Reading

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.