$152 Billion and Rising: New Report Shows Insurance Industry Facing Growing Average Annual Losses from Natural Catastrophes
Verisk (Nasdaq: VRSK) released its 2025 Global Modeled Catastrophe Losses Report, revealing that global modeled insured average annual property losses from natural catastrophes have reached $152 billion, marking a 25% increase from 2024. The report highlights that frequency perils (severe thunderstorms, winter storms, wildfires, and inland flood) now account for $98 billion, or two-thirds of total potential losses.
Key findings include 7% annual property exposure growth from 2020-2024, with approximately 1% of year-on-year increases attributed to climate effects. The report also reveals significant regional disparities in insurance coverage, with Asia and Latin America showing lower insured loss rates (12% and 32% respectively) compared to North America (48%).
Verisk (Nasdaq: VRSK) ha pubblicato il suo Report 2025 sui Danni Catastrofici Modellati a livello Globale, evidenziando che le perdite medie annuali assicurate a livello globale per danni alla propriet脿 dovuti a catastrofi naturali sono salite a 152 miliardi di dollari, con un aumento del 25% rispetto al 2024. Il report sottolinea che i rischi legati alla frequenza (forti temporali, tempeste invernali, incendi boschivi e alluvioni interne) rappresentano ora 98 miliardi di dollari, ossia due terzi delle perdite potenziali totali.
Tra le evidenze principali si segnala una crescita annuale dell鈥檈sposizione alle propriet脿 del 7% nel periodo 2020-2024, di cui circa 1% annuo attribuibile agli effetti climatici. Il rapporto mostra inoltre rilevanti disparit脿 regionali nella copertura assicurativa: Asia e America Latina presentano tassi di perdite assicurate pi霉 bassi (rispettivamente 12% e 32%) rispetto al Nord America (48%).
Verisk (Nasdaq: VRSK) public贸 su Informe 2025 sobre P茅rdidas Modeladas por Cat谩strofes Globales, revelando que las p茅rdidas aseguradas medias anuales a nivel mundial por da帽os a la propiedad causados por cat谩strofes naturales han alcanzado los 152.000 millones de d贸lares, un aumento del 25% respecto a 2024. El informe destaca que los peligros de frecuencia (tormentas severas, tormentas invernales, incendios forestales e inundaciones interiores) representan ahora 98.000 millones de d贸lares, es decir, dos tercios de las p茅rdidas potenciales totales.
Entre los hallazgos clave se indica un crecimiento anual de la exposici贸n a la propiedad del 7% entre 2020 y 2024, con aproximadamente un 1% interanual atribuido a los efectos clim谩ticos. El informe tambi茅n pone de manifiesto importantes disparidades regionales en la cobertura de seguros, con menor proporci贸n de p茅rdidas aseguradas en Asia y Latinoam茅rica (12% y 32% respectivamente) frente a Norteam茅rica (48%).
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Verisk (Nasdaq: VRSK) a publi茅 son rapport 2025 sur les pertes mod茅lis茅es li茅es aux catastrophes mondiales, r茅v茅lant que les pertes assur茅es moyennes annuelles mondiales pour les biens caus茅es par des catastrophes naturelles atteignent 152 milliards de dollars, soit une augmentation de 25 % par rapport 脿 2024. Le rapport souligne que les al茅as de fr茅quence (orages violents, temp锚tes hivernales, feux de for锚t et inondations int茅rieures) repr茅sentent d茅sormais 98 milliards de dollars, soit les deux tiers des pertes potentielles totales.
Les conclusions principales indiquent une croissance annuelle de l鈥檈xposition des biens de 7% entre 2020 et 2024, dont environ 1% de hausse annuelle attribuable aux effets climatiques. Le rapport met 茅galement en 茅vidence d鈥檌mportantes disparit茅s r茅gionales de couverture : l鈥橝sie et l鈥橝m茅rique latine affichent des taux de pertes assur茅es plus faibles (respectivement 12 % et 32 %) compar茅s 脿 l鈥橝m茅rique du Nord (48 %).
Verisk (Nasdaq: VRSK) hat seinen Global Modeled Catastrophe Losses Report 2025 ver枚ffentlicht und zeigt, dass die global modellierten versicherten durchschnittlichen j盲hrlichen Sachsch盲den durch Naturkatastrophen 152 Milliarden US-Dollar erreicht haben, ein Anstieg von 25% gegen眉ber 2024. Der Bericht betont, dass H盲ufigkeitsgefahren (schwere Gewitter, Winterst眉rme, Waldbr盲nde und Binnenfluten) inzwischen 98 Milliarden US-Dollar ausmachen, also zwei Drittel der gesamten potenziellen Verluste.
Zentrale Erkenntnisse sind ein j盲hrliches Anwachsen der Sachexponierung um 7% in den Jahren 2020鈥�2024, wobei etwa 1% der j盲hrlichen Zunahme auf Klimaeffekte zur眉ckgef眉hrt wird. Der Bericht zeigt zudem deutliche regionale Unterschiede in der Versicherungsdeckung: Asien und Lateinamerika weisen mit 12% bzw. 32% geringere versicherte Verlustquoten auf als Nordamerika (48%).
- None.
- 25% increase in modeled non-crop property & casualty losses compared to 2024
- Significant protection gaps in Asia and Latin America regions
- Escalating wildfire risks in North America with up to $65 billion in economic losses from recent fires
Insights
Verisk reports 25% jump in modeled catastrophe losses to $152B, signaling fundamental risk landscape shift with frequency perils now dominating insurance losses.
Verisk's 2025 Global Modeled Catastrophe Losses Report reveals a significant 25% increase in modeled insured average annual losses (AAL) from natural catastrophes, reaching
The most striking finding is the growing dominance of frequency perils - severe thunderstorms, winter storms, wildfires, and inland floods - which now account for
Historical data confirms this isn't an anomaly but part of a concerning trend. The five-year average for insured losses has climbed to
Three key factors are driving this loss escalation: rapid property exposure growth (
Verisk's expansion of catastrophe models for multiple regions and perils, including the first wildfire model approved under California's new PRID framework, demonstrates the insurance industry's growing need for sophisticated risk assessment tools in this evolving landscape. For insurers, this report underscores the urgent need to reassess risk management strategies as what were once considered statistical anomalies become the new normal.
Insurance industry faces structural shift as annual catastrophe losses surge 25% to $152B, driven primarily by increasingly costly frequent events.
The latest Verisk report reveals a profound economic transformation in the insurance risk landscape, with modeled insured average annual losses (AAL) from natural catastrophes increasing
What's particularly notable is the source of this increase. The report identifies a crucial redistribution in loss drivers, with frequency perils (severe thunderstorms, winter storms, wildfires, and inland floods) now comprising
The geographical distribution of risk shows significant imbalances in insurance market development. While North America has
Property exposure growth is accelerating at
For investors in insurance and reinsurance companies, this report signals potential pressure on combined ratios and underwriting profitability unless pricing models are adjusted to reflect this new risk reality. The industry's adaptation capacity will determine which firms can maintain profitability while providing necessary coverage. Verisk's expanded modeling capabilities, including newly developed models for multiple countries and perils, position the company favorably as demand increases for sophisticated catastrophe risk assessment tools in this evolving market.
Modeled non-crop property & casualty losses rose 25 percent compared to 2024, with severe thunderstorms and other frequency perils accounting for two thirds of total potential losses, according to Verisk
JERSEY CITY, N.J., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today revealed that the global modeled insured average annual property loss (AAL) from natural catastrophes has risen to
The is an unparalleled piece of research in the industry. The annual report is informed by Verisk鈥檚 trusted suite of catastrophe models that are widely relied upon by global insurers and reinsurers across the industry for a forward-looking view of risk in the face of inflation, urban expansion, increasing event frequency and a changing climate.
The report notes a
Financial Impact of Frequency Perils Outpace Risk from Large Events by 2 to 1
Severe thunderstorms, winter storms, wildfires, and inland flood - also known as frequency perils, since they take place relatively ofen compared to larger events like tropical cyclones and earthquakes - now account for two thirds (
鈥淭his year鈥檚 modeled losses reflect a fundamental shift in the risk landscape. Frequency perils are driving sustained, high-impact losses across geographies, and insurers must evolve their strategies to meet this challenge head-on,鈥� said Rob Newbold, president of Verisk Extreme Event Solutions. 鈥淣atural catastrophe losses are no longer statistical anomalies鈥攖hey are the new normal. Our models are designed to help the industry anticipate and absorb these shocks with confidence.鈥�
More Key Findings 鈥� By the Numbers
- Exposure growth accelerates: Property exposure in Verisk-modeled countries grew 7 percent annually from 2020鈥�2024, driven by inflation and construction in high-hazard areas.
- Climate change signal: Approximately 1 percent of year-on-year AAL increases are attributable to long-term climate effects.
- Protection gap persists: In Asia and Latin America, insured losses account for only 12 percent and 32 percent of economic losses, respectively, compared to 48 percent in North America.
Regional Insights
- North America: High insurance penetration, but wildfire risk continues to escalate. The 2025 Palisades and Eaton fires caused up to
$65 billion in economic losses, with 60鈥�70 percent insured. - Asia & Latin America: Significant protection gaps remain, with low insurance take-up rates despite increasing exposure and urbanization.
- Europe & Oceania: Exposure growth driven by inflation and urban expansion, with annual growth rates exceeding 8 percent in some regions.
Modeling Innovations & Regulatory Milestones
Verisk introduced new inland flood models for Malaysia, Indonesia, and Ireland, and updated models for Australia (bushfire), Mexico (earthquake), UK (flood), U.S. (severe thunderstorm) and South Korea (typhoon).
The Verisk Wildfire Model for the United States became the first catastrophe model to complete evaluation under California鈥檚 new PRID framework, supporting broader insurance availability in wildfire-prone areas.
Newbold concluded, 鈥淭he report emphasizes the need for insurers and reinsurers to adopt forward-looking risk models that reflect today鈥檚 built environment and climate realities. Verisk鈥檚 catastrophe models, used with Touchstone and Touchstone Re, help companies benchmark potential losses and manage catastrophe risk with confidence.鈥�
View the full report:
offers a global suite of catastrophe models that cover more than 120 countries and territories, capturing the risk from global natural catastrophes and man-made events, including terrorism and extreme casualty catastrophes. Insurance, reinsurance, financial, corporate and government clients rely on Verisk's advanced science, software and consulting services for catastrophe risk management, insurance-linked securities and agricultural risk management. These solutions enable clients to make informed decisions and help people, businesses and communities build resilience against potential disasters.
About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by and fosters an where all team members feel they belong. For more, and the .
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FAQ
What is the global modeled insured average annual property loss (AAL) from natural catastrophes in 2025 according to Verisk (VRSK)?
How much of Verisk's (VRSK) total modeled AAL is attributed to frequency perils in 2025?
What is the insurance coverage gap between regions according to Verisk's (VRSK) 2025 report?
How much did property exposure grow annually from 2020-2024 according to Verisk (VRSK)?
What percentage of AAL increases are attributed to climate change in Verisk's (VRSK) 2025 report?
