Aon: Record $50bn U.S. Severe Convective Storm Losses Drive Total Natural Catastrophe Toll in 2023
LONDON, Oct. 19, 2023 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today launched its Q3 Global Catastrophe Recap report, which analyses natural hazard activity worldwide in the third quarter of 2023 and for the first nine months of the year, to help clients navigate volatility, build resilience and make better decisions.
- Year-to-date economic losses totalled $295 billion, compared to a 21st century annual average of $310 billion.
- The aggregated death toll from 2023 natural catastrophe events had breached 75,000 during the same period, making 2023 the deadliest year since 2010.
- For the first time, insured losses from SCS in the U.S. surpassed $50 billion and accounted for 60% of global insured losses.
- Aon's research about the drivers of severe convective storm (SCS) insured losses is available here .