Natural catastrophes and man-made disasters worldwide reached $44 billion in insured losses in 2013—down from $81 billion in 2012, according to a Sigma preliminary report by Swiss Re.
The study found that total economic losses from disasters in 2013 totaled $130 billion and 25,000 lives were lost. Hurricane Haiyan alone, which hit the Philippines in November with record-breaking winds, claimed more than 7,000 lives. In 2012 total economic losses were $196 billion and 14,000 lives were lost.
Flooding in central and Eastern Europe in June 2013 created overall losses of $18 billion, with insured losses estimated at $4 billion, according to the report.
In the United States, severe spring and autumn weather spawned thunderstorms and deadly tornadoes. While this caused devastation of personal and commercial properties and heavy losses to the insurance industry, the 2013 North Atlantic hurricane season proved to be benign, the report found.
Alberta, Canada in June experienced flooding caused by heavy rains. Insured losses were about $2 billion—the highest ever recorded in the country for any disaster.
The most costly insured catastrophe losses in 2013
|1||June||4.1||18.0||Floods||Germany, Czech Republic|
|2||July||3.4||3.8||Hailstorm Andreas||Germany, France|
|4||May||1.8||3.2||Severe thunderstorms, tornadoes||US|
|5||March||1.6||2.2||Thunderstorms, tornadoes, hail||US|
|6||May||1.4||2.0||Severe thunderstorms, tornadoes, large hail||US|
|7||October||1.4||2.7||Windstorm Christian||Germany, Denmark|
|8||April||1.1||1.6||Snow storm, ice, tornadoes, heavy rains||US|
|9||December||1.0||1.4||Windstorm Xaver||UK, Denmark|
|10||January||1.0||1.5||Floods caused by Cyclone Oswald||Australia|
Swiss Re Sigma preliminary estimates