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Natural Catastrophes - Andrea Willi, Swiss Re
Natural Catastrophes - Andrea Willi, Swiss Re
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Andrea Willi presented at the IMUA 92nd Annual Meeting in May 2023, focusing on natural catastrophes, insured losses, drivers, and climate change. The data showed that in 2022, global insured losses ranked as the 4th largest since 1970, with tropical cyclones and severe convective storms contributing significantly to 60% of losses. The growth trend of global natural catastrophe insured losses has been estimated at 5-7% annually. Factors such as hazard exposure, vulnerability, and socio-economic effects were identified as key drivers of losses in 2022. Changes in built-up land and population growth were highlighted as examples of hazardous exposure. While climate change effects are likely playing a role in the observed and projected changes in weather-related perils, they are not the primary driver behind increasing losses yet. The presentation emphasized the importance of addressing these challenges and uncertainties. It also cautioned against unauthorized use of the information provided, highlighting Swiss Re's copyright and proprietary rights.
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Presented by:
Andrea Willi, Swiss Re
Keywords
Andrea Willi
IMUA 92nd Annual Meeting
natural catastrophes
insured losses
climate change
global insured losses
tropical cyclones
severe convective storms
hazard exposure
socio-economic effects
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