Economic losses

A scooter rider navigates a flooded street in heavy rain in China.

China’s nat cat economic losses near US$30bn in first nine months of 2026

October 23 2026

Floods and typhoons generated nearly 90% of economic losses, with disaster impacts concentrated in Southwest, South and East China.

People gather to survey mud and debris covering a residential street.

APAC avoids major insured-loss event despite elevated catastrophe activity: Gallagher Re

October 21 2026

Gallagher Re warned that a potentially record-strength El Niño could reshape catastrophe risk patterns and loss activity across the region in 2027.

Rescue workers in orange gear amid debris after US storm, Swiss Re catastrophe report.

Benign H1 catastrophe losses mask growing exposure — Swiss Re

August 12 2026

The reinsurer estimates changing climate patterns and rising reconstruction costs could drive insured losses up 5–7% annually.

Two yellow vans partially submerged in muddy floodwater on a city street, with trees, a river, and tall buildings in the background.

APAC catastrophe losses remain subdued in H1 2026 as global protection gap widens: Aon

July 22 2026

The region's costliest event was seasonal flooding in China, which generated approx. US$4.9bn in economic losses.

Riverside village with wooden stilt houses along a muddy brown river under a cloudy sky, with green trees in the background.

Asia nat cat insured losses ease in H1 2026, but cyclone risk clouds outlook — Gallagher Re

July 15 2026

Asia recorded its lowest first-half insured catastrophe losses since 2017, but more than US$6bn in flood-driven economic losses in China underscored the region's significant protection gap.

global-nat-cat-losses-in-q1-2026-below-10-year-averages-gallagher-re

Global nat cat losses in Q1 2026 below 10-year average — Gallagher Re

April 21 2026

Absence of US$10bn+ kept totals subdued, with economic losses of US$58bn and insured losses of around US$20bn recorded in the first quarter.

victorian-bushfires-insurers-start-logging-early-claims-as-assessments-begin

APAC nat cat losses subdued in Q1 2026 despite US$1bn Australia bushfire hit — Aon

April 17 2026

Insured losses from the event were estimated at US$300m, as global economic losses reached US$37bn, 43% below the 21st-century average and the lowest since 2015.

economic-losses-from-australia-floods-may-reach-tens-of-millions-of-aud-aon

Economic losses from northern Australia floods may reach tens of millions of AUD — Aon

March 13 2026

The floods prompted the Insurance Council of Australia to declare Significant Events for Northern Territory and Queensland on 12 March.

mid-january-global-nat-cats-drive-hundreds-of-millions-of-usd-in-economic-losses-australia-emerging-among-costliest-contributors-aon

January's Victoria bushfires to drive hundreds of millions of USD in economic losses — Aon

January 16 2026

The bushfires have had a significant agricultural impact and have been classified as an 'insurance catastrophe' by the Insurance Council of Australia.

howden-re-highlights-apac-protection-gaps-after-myanmar-quake-and-typhoon-ragasa-losses

Howden Re highlights ongoing APAC nat cat protection gaps following 2025 Myanmar quake, Typhoon Ragasa losses

January 14 2026

The reinsurer noted that limited insurance take-up and risk modelling leave Asian cities exposed, even when insured losses are “moderate”.

thai-general-insurance-discusses-guidelines-for-future-earthquake-reinsurance

Only 12% of Asia Pacific's 2025 natural catastrophe losses insured — Munich Re

January 13 2026

While global losses were below the 10-year average last year, APAC's persistent protection gap means only about US$9bn of its US$73bn losses were insured.

Typhoon Matmo leaves hundreds of millions in economic losses across Southeast Asia, Aon reports

October 13 2025

The storm caused devastating flooding in Vietnam and Thailand after making landfall in the Philippines.

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