Global natural disaster losses reach $45bn during 1H 2018; insurance payouts estimated at $21bn, according to Aon catastrophe report
Cost of natural disasters nearly half of 18-year average for first half of the year
The report reveals that global economic losses from natural disasters for 1H 2018 were estimated at
Natural disasters claimed at least 2,153 lives during the first half of 2018, the least since 1986, and significantly below the long-term (1980-2017) average of 36,570 and a median of the same period (7,991). Flooding was the deadliest peril of the first two quarters of 2018, having been responsible for at least 892 deaths.
According to the report, there were an estimated 156 natural disaster events in 1H 2018, which was above the 18-year average of 142. While there was no 'mega catastrophe' that led to economic damage beyond
The first six months were marked by many smaller-scale disasters, with
Insured losses resulting from natural catastrophes were generally lower than the average and median of the past 18 years. On a regional level, only EMEA and the
To view the full Global Catastrophe Recap: First Half of 2018 report, please follow the link:
http://bit.ly/if-first-half-2018
Along with the report, users can access current and historical natural catastrophe data and event analysis on Impact Forecasting's Catastrophe Insight website, which is updated bi-monthly as new data become available:
www.aonbenfield.com/catastropheinsight
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