Aon Impact Forecasting News

Global Insured Losses Estimated at $15B in Q1, With Economic Price Tag of $63B: Aon

Private and public insurance entities saw an estimated $15 billion of global losses during the first quarter – close to both average and median losses of the last 10 years, according to Aon’s Q1 Global Catastrophe Recap Report. However, potential …

Aon Updates Europe Windstorm, Severe Convective Storm Models

Aon plc, a leading global professional services firm, updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe models to incorporate emissions scenarios that inform current and future projections of climate and storm activity across the continent. Windstorm …

Global Natural Disasters Cost Insurers $99B in Q3, With Economic Losses of $227B: Aon

Global natural disaster events to the end of Q3 2022 caused total economic losses estimated minimally at $227 billion – of which $99 billion was covered by public and private insurers, which means that insured losses will top $100 billion …

Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon

Insured losses from global natural disaster events were estimated at $39 billion during the first half of 2022, 18% higher than the 21st century average of $33 billion, driven by persistent severe convective storm (SCS) events, according to Aon in …

Markets/Coverages: Aon Incorporates Climate Science Into European Flood Models

Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers to access more accurate loss estimates to help make better decisions for underwriting, reinsurance and regulatory requirements. The models are …

Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon

Preliminary economic losses from natural hazards billion during the first quarter of 2022 totaled $32, of which less than 50% (or $14 billion), was covered by public and private insurers, according to a report published by Aon. Although the first …

Only 38% of 2021’s Natural Disaster Losses of $343B Were Covered by Insurance: Aon

Natural disasters cost global economies a total of $343 billion in 2021, compared with $297 billion in 2020, according to Aon’s “2021 Weather, Climate and Catastrophe Insight” report. Insured losses from 2021’s natural disasters reached $130 billion, which was well …

Record Rainfall, Floods Across Globe Generate Billions in Economic Damages: Aon

November was a wet month in many countries across the globe, with heavy rains and flooding causing billions of dollars of economic losses, according to Aon’s monthly Global Catastrophe Recap report, which each month evaluates the impact of global natural …

U.S. Severe Weather Insured Losses Surpassed $20B After Rough October: Aon

Annual U.S. severe weather insured losses for 2021 are jumping above $20 billion after a rough October, even before the year is complete, according to a new Aon report. “October is typically considered a ‘second season’ for severe weather in …

Canary Islands’ Volcanic Eruption Reminds Insurers of Challenges of Non-Modeled Perils

The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of Spain, is a reminder to insurers of the challenges posed by non-modeled perils,” commented Michal Lörinc, senior catastrophe analyst for …