Pavel Huerta-Uribe’s Post

Europe experienced the largest total economic losses from natural catastrophes of all continents in 2023 – more than USD 100 billion out of USD 280 billion globally 🌪️🌍 What's more - while the vast majority of severe convective storm losses (85%) originated in the US, Europe is facing the fastest growth, topping USD 5 billion for the 3rd consecutive year. Floods, especially in urban areas caused again a lot of damage. In the UK, storm Babet brought havoc with record breaking rainfall, shares Jason Richards. What else can we learn from #NatCat hazards impacting Europe? Find out more 👉https://ow.ly/aEJE30sEmt9

Europe experienced the largest total economic losses from natural catastrophes of all continents in 2023 – more than USD 100 billion out of USD 280 billion globally 🌪️🌍 What's more - while the vast majority of severe convective storm losses (85%) originated in the US, Europe is facing the fastest growth, topping USD 5 billion for the 3rd consecutive year. Floods, especially in urban areas caused again a lot of damage. In the UK, storm Babet brought havoc with record breaking rainfall, shares Jason Richards. What else can we learn from #NatCat hazards impacting Europe? Find out more 👉https://ow.ly/KNwr30sEjA8

That's why reinsurers are needed: with excellent capital strength, reinsurers like Swiss Re can support primary insurers in absorbing peak risks such as the ones the Swiss Re's Jason Richards mentions in this short update for the UK. The protection gap remains huge as only a fraction of the total economic losses is actually insured. Lots to do for us in re/insurance to make the world more resilient.

Europe experienced the largest total economic losses from natural catastrophes of all continents in 2023 – more than USD 100 billion out of USD 280 billion globally 🌪️🌍 What's more - while the vast majority of severe convective storm losses (85%) originated in the US, Europe is facing the fastest growth, topping USD 5 billion for the 3rd consecutive year. Floods, especially in urban areas caused again a lot of damage. In the UK, storm Babet brought havoc with record breaking rainfall, shares Jason Richards. What else can we learn from #NatCat hazards impacting Europe? Find out more 👉https://ow.ly/E6Hh30sEp36

Europe experienced the largest total economic losses from natural catastrophes of all continents in 2023 – more than USD 100 billion out of USD 280 billion globally 🌪️🌍 What's more - while the vast majority of severe convective storm losses (85%) originated in the US, Europe is facing the fastest growth, topping USD 5 billion for the 3rd consecutive year. Floods, especially in urban areas caused again a lot of damage. In the UK, storm Babet brought havoc with record breaking rainfall, shares Jason Richards. What else can we learn from #NatCat hazards impacting Europe? Find out more 👉https://ow.ly/1nfF30sEkeN

Europe experienced the largest total economic losses from natural catastrophes of all continents in 2023 – more than USD 100 billion out of USD 280 billion globally 🌪️🌍 What's more - while the vast majority of severe convective storm losses (85%) originated in the US, Europe is facing the fastest growth, topping USD 5 billion for the 3rd consecutive year. Floods, especially in urban areas caused again a lot of damage. In the UK, storm Babet brought havoc with record breaking rainfall, shares Jason Richards. What else can we learn from #NatCat hazards impacting Europe? Find out more 👉https://ow.ly/LhQ430sEjze

Europe experienced the largest total economic losses from natural catastrophes of all continents in 2023 – more than USD 100 billion out of USD 280 billion globally 🌪️🌍 What's more - while the vast majority of severe convective storm losses (85%) originated in the US, Europe is facing the fastest growth, topping USD 5 billion for the 3rd consecutive year. Floods, especially in urban areas caused again a lot of damage. In the UK, storm Babet brought havoc with record breaking rainfall, shares Jason Richards. What else can we learn from #NatCat hazards impacting Europe? Find out more 👉https://ow.ly/22Or30sEhVq

Europe experienced the largest total economic losses from natural catastrophes of all continents in 2023 – more than USD 100 billion out of USD 280 billion globally 🌪️🌍 What's more - while the vast majority of severe convective storm losses (85%) originated in the US, Europe is facing the fastest growth, topping USD 5 billion for the 3rd consecutive year. Floods, especially in urban areas caused again a lot of damage. In the UK, storm Babet brought havoc with record breaking rainfall, shares Jason Richards. What else can we learn from #NatCat hazards impacting Europe? Find out more 👉https://ow.ly/rbuA50SiIGv

Europe experienced the largest total economic losses from natural catastrophes of all continents in 2023 – more than USD 100 billion out of USD 280 billion globally. While the vast majority of severe convective storm losses (85%) originated in the US, Europe is facing the fastest growth, topping USD 5 billion for the 3rd consecutive year. Floods, especially in urban areas caused again a lot of damage. In the UK, storm Babet brought havoc with record breaking rainfall, shares Jason Richards. What else can we learn from #NatCat hazards impacting Europe? Find out more: https://lnkd.in/ehG9nzAv

In 2023, Europe experienced the highest total economic losses from natural catastrophes of any continent. Out of a global total of USD 280 billion in losses, the continent's exceeded USD 100 billion.🌪️🌍Notably, while 85% of Severe Convective Storm (SCS) losses occurred in the US, Europe is seeing the fastest growth in this category, surpassing USD 5 billion for the 3rd consecutive year. Urban floods 🌊also caused significant damage. Brush up your knowledge about #NatCat hazards impact on Europe 👉 https://ow.ly/9KUO50Smbrq