Key Facts
According to the Aon 2024 Climate and Catastrophe Insight:
- For the first time since 2016, no insured losses from any single global event exceeded $10 billion in 2023, according to Aon’s most recent Climate and Catastrophe report. The frequency of events above $1 billion reached 37, breaking the record of 30 set in 2020. This year’s trend was primarily due to severe convective storm activity in the United States and Europe.
- In the United States, there were 89 natural catastrophe loss events in 2023, resulting in 430 fatalities.
