ZURICH, March 19 (Reuters) - Insured losses from natural catastrophes are likely to climb to about $148 billion this year, estimates published by reinsurer Swiss Re showed on Thursday. In a severe
Swiss Re Expects Natural Catastrophe Insurance Claims to Rise in 2026
Projected Increase in Insurance Claims Due to Natural Catastrophes
Estimated Insured Losses for 2026
ZURICH, March 19 (Reuters) - Insured losses from natural catastrophes are likely to climb to about $148 billion this year, estimates published by reinsurer Swiss Re showed on Thursday.
Potential Severe Scenario
In a severe scenario, insured losses could surge to as much as $320 billion, Swiss Re said. Last year, the insurance industry faced about $107 billion in natural disaster claims.
Expert Commentary on Loss Trends
"The below-trend natural catastrophe losses seen in 2025 are the result of favourable variability rather than any easing of underlying risk," said Balz Grollimund, Swiss Re's Head of Catastrophe Perils.
Basis for 2026 Projections
Swiss Re said its 2026 projections are based on the long-term average for insured losses.
Reporting and Editorial Credits
(Reporting by Marleen Kaesebier, writing by Dave Graham, editing by Thomas Seythal)
