No let-up for nat cat losses as 2025 passes key threshold

Insured losses from natural catastrophes are set to exceed £78bn globally for the seventh year running, according to the latest Natural Catastrophe Review from Willis.

The biannual report outlines the key causes and consequences of major events in 2025 to date, with early losses signalling that another high-cost year is already unfolding. The Review also provides forward-looking analysis, identifying seasonal risks likely to materialise in the coming months, including hurricanes, drought and flooding.

Among this year’s standout events are the Los Angeles wildfires – expected to cost insurers over £31bn and described as the worst wildfire loss event globally – as well as the most severe wildfires in Japan and South Korea in a generation. The report also notes the most active US tornado season in more than a decade, the first cyclone to make landfall near Brisbane in 50 years, and the highest wind speed ever recorded in Ireland.


See the next issue of CIR Magazine for more on this report.



Share Story:

YOU MIGHT ALSO LIKE


The Future of Risk & Resilience with AI & Data
CLDigital's Co-Founder, Tejas Katwala, joins CIR Magazine to discuss how CLDigital is transforming enterprise risk and resilience. By integrating business processes, AI and data-centric strategies, organisations can move beyond compliance to proactive risk management – simplifying operations, strengthening resilience, and driving business performance. Listen now to explore the future of intelligent risk management.

Investec is disrupting premium finance – Podcast
Investec made waves in entering the premium finance market, where listening and evolving in response to brokers made a real difference.