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Chart: Midwest Tornadoes Prominent Force in 4Q Catastrophe Losses

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Insured catastrophe losses for the fourth quarter of 2021 are estimated to be over USD 10.6 billion, with Midwest US tornadoes resulting in losses of approximately USD 3.0 billion. This estimate is preliminary.

The estimated global insured losses for 2021 currently aggregate to USD 105.1 billion. Hurricane Ida was the most destructive single event of 2021, with insurers exposed to losses of over USD 27.4 billion. Other notable large losses for the year included floods in Germany, Belgium and neighboring countries that caused losses of USD 12.0 billion, and US winter storms leading to USD 14.0 billion in insured losses.

 

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