[HIGHLIGHTS] Climate, 398 disasters in 2023 costing 380 billion dollars - Infrastructure & Cities

Climate, 398 disasters in 2023 costing 380 billion dollars. Italy, Slovenia, Croatia, Greece and New Zealand have recorded the highest insured losses ever, at a national level.

With only $118 billion in coverage (151 billion in 2022), the "protection gap" stood at 69% (58% in 2022) The global insurance losses were 31% higher than the 21st century average, exceeding 100 billion for the fourth consecutive year, Aon report says. The annual Climate and CatastropheInsight report by Aon is published every year.