U.S. accounted for 75% of global insured losses in 2022

Hurricane Ian, the second costliest insured event on record, accounted for 40% of 2022’s global insured losses, Aon reports.  Hurricane Ian had an outsized impact on total losses accrued in 2022, as the storm accounted for 40% of the year’s insured losses worldwide. Ian, which caused $50-$55 billion in insured losses, is the second-costliest loss event on record (on a price-inflated basis). Hurricane Katrina, when adjusted for inflation, remains the most devastating event and caused more than $100 billion in insured losses, Aon reported.

There were 421 notable natural disasters globally in 2022, which saw insured losses reach $132 billion worldwide, according to Aon. This was 57% above the 21st century average. The year saw 19-billion-dollar loss events, five of which exceeded $10 billion, making it the fifth costliest year on record for insurers. (Credit: Mike Mareen/Adobe Stock)