Annual Meetings-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.

Asset Caption

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