First-Half 2019 Insured Cat Losses About $20 Billion: Impact

Insured losses from catastrophes during the first half of 2019 were preliminarily estimated at $20 billion, 26% lower than the 18-year average of $27 billion, Impact Forecasting said in a report Wednesday. Global economic losses from natural disasters for the first half of the year were estimated at $73 billion, 22% lower than the 2000-2018 average of $94 billion, the report said. These totals are subject to change as losses further develop, Impact Forecasting, the catastrophe model development team of Aon’s Reinsurance Solutions business, said Wednesday in its report Global Catastrophe Recap: First Half of 2019.