Willis predicts natural catastrophes will not offer insurers any respite in 2025
Willis (NASDAQ: WTW) has released its biannual Natural Catastrophe Review, predicting continued strain on global insurance markets in 2025. The report highlights that insured losses from natural catastrophes have consistently exceeded USD 100 billion annually for six consecutive years.
The Los Angeles wildfires of January 2025 have already caused estimated insured losses of USD 40 billion, marking it as the costliest wildfire event in history. Other significant 2025 events include major wildfires in Japan and South Korea, record-breaking tornado activity in the US, and unprecedented weather events in Australia and Ireland.
With global temperature targets likely to be missed, Willis emphasizes the critical need for risk managers to adapt strategies and build resilience against climate extremes. The company forecasts an above-average North Atlantic hurricane season, suggesting 2025 could be among the costliest years for insurers.
Willis (NASDAQ: WTW) ha pubblicato la sua revisione semestrale sulle Catastrofi Naturali, prevedendo un continuo stress sui mercati assicurativi globali nel 2025. Il rapporto evidenzia che le perdite assicurate dovute a catastrofi naturali hanno superato costantemente i 100 miliardi di dollari all'anno per sei anni consecutivi.
Gli incendi boschivi di Los Angeles del gennaio 2025 hanno già causato perdite assicurate stimate in 40 miliardi di dollari, segnando l'evento di incendio più costoso della storia. Altri eventi significativi del 2025 includono grandi incendi in Giappone e Corea del Sud, un'attività record di tornado negli Stati Uniti e fenomeni meteorologici senza precedenti in Australia e Irlanda.
Con gli obiettivi globali di temperatura probabilmente mancati, Willis sottolinea l'importanza cruciale per i gestori del rischio di adattare le strategie e rafforzare la resilienza contro gli estremi climatici. L'azienda prevede una stagione degli uragani nell'Atlantico settentrionale superiore alla media, suggerendo che il 2025 potrebbe essere uno degli anni più costosi per le compagnie assicurative.
Willis (NASDAQ: WTW) ha publicado su revisión semestral sobre Catástrofes Naturales, pronosticando una continua presión en los mercados de seguros globales en 2025. El informe destaca que las pérdidas aseguradas por catástrofes naturales han superado consistentemente los 100 mil millones de dólares anuales durante seis años consecutivos.
Los incendios forestales en Los Ángeles de enero de 2025 ya han causado pérdidas aseguradas estimadas en 40 mil millones de dólares, convirtiéndose en el evento de incendio más costoso de la historia. Otros eventos importantes de 2025 incluyen grandes incendios en Japón y Corea del Sur, una actividad récord de tornados en EE. UU. y fenómenos meteorológicos sin precedentes en Australia e Irlanda.
Con la probabilidad de no alcanzar los objetivos globales de temperatura, Willis enfatiza la necesidad crítica de que los gestores de riesgo adapten sus estrategias y fortalezcan la resiliencia ante extremos climáticos. La compañía pronostica una temporada de huracanes en el Atlántico Norte por encima del promedio, sugiriendo que 2025 podría ser uno de los años más costosos para las aseguradoras.
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Willis (NASDAQ : WTW) a publié sa revue semestrielle des catastrophes naturelles, prévoyant une pression continue sur les marchés mondiaux de l'assurance en 2025. Le rapport souligne que les pertes assurées dues aux catastrophes naturelles ont dépassé 100 milliards de dollars US chaque année pendant six années consécutives.
Les incendies de forêt de Los Angeles en janvier 2025 ont déjà entraîné des pertes assurées estimées à 40 milliards de dollars US, faisant de cet événement le plus coûteux de l'histoire en matière d'incendies de forêt. Parmi les autres événements majeurs de 2025 figurent d'importants incendies au Japon et en Corée du Sud, une activité record de tornades aux États-Unis, ainsi que des phénomènes météorologiques sans précédent en Australie et en Irlande.
Avec la probabilité de ne pas atteindre les objectifs mondiaux de température, Willis souligne l'importance cruciale pour les gestionnaires de risques d'adapter leurs stratégies et de renforcer leur résilience face aux extrêmes climatiques. L'entreprise prévoit une saison des ouragans dans l'Atlantique Nord supérieure à la moyenne, suggérant que 2025 pourrait être l'une des années les plus coûteuses pour les assureurs.
Willis (NASDAQ: WTW) hat seinen halbjährlichen Bericht über Naturkatastrophen veröffentlicht und prognostiziert für 2025 weiterhin Belastungen auf den globalen Versicherungsmärkten. Der Bericht hebt hervor, dass die versicherten Schäden durch Naturkatastrophen seit sechs Jahren in Folge jährlich 100 Milliarden US-Dollar übersteigen.
Die Waldbrände in Los Angeles im Januar 2025 haben bereits geschätzte versicherte Schäden von 40 Milliarden US-Dollar verursacht und gelten damit als die kostspieligste Waldbrandkatastrophe der Geschichte. Weitere bedeutende Ereignisse im Jahr 2025 sind große Waldbrände in Japan und Südkorea, rekordverdächtige Tornadoaktivitäten in den USA sowie beispiellose Wetterereignisse in Australien und Irland.
Da die globalen Temperaturziele voraussichtlich verfehlt werden, betont Willis die dringende Notwendigkeit für Risikomanager, Strategien anzupassen und die Widerstandsfähigkeit gegenüber extremen Klimabedingungen zu stärken. Das Unternehmen prognostiziert eine überdurchschnittliche Hurrikansaison im Nordatlantik, was darauf hindeutet, dass 2025 eines der teuersten Jahre für Versicherer werden könnte.
- Comprehensive data-driven analysis and forecasting capabilities demonstrated through the Natural Catastrophe Review
- Strong market positioning in climate risk assessment and catastrophe analytics
- Continued high natural catastrophe losses exceeding USD 100 billion annually pose significant industry challenges
- Los Angeles wildfires already consumed USD 40 billion in insured losses for 2025
- Global temperature targets likely to be missed, indicating increased future catastrophe risks
Insights
Rising catastrophe losses create both opportunity for WTW's risk advisory services and challenges for insurance placement operations.
The six-year streak of
For WTW specifically, these market dynamics create a complex business environment with countervailing forces. The persistent high-loss environment typically drives hardening insurance markets, which can benefit brokers through higher premium volumes and corresponding commissions. However, if coverage becomes prohibitively expensive or unavailable in high-risk regions, this could constrain WTW's traditional brokerage operations.
More promising is WTW's positioning in catastrophe analytics and climate risk advisory services. Their Natural Catastrophe Review establishes thought leadership in a critical growth area, as clients increasingly need sophisticated data-driven risk strategies. The company's emphasis on adapting to climate extremes, optimizing insurance frameworks, and narrowing protection gaps aligns perfectly with emerging market needs.
With additional major catastrophes already recorded globally in 2025—record wildfires in Asia, heightened tornado activity in the US, and unprecedented wind speeds in Ireland—and forecasts indicating an above-average Atlantic hurricane season ahead, the insurance industry faces continued volatility. For WTW, this represents both ongoing placement challenges and expanding opportunities in risk advisory as clients navigate what the report characterizes as a "new era of climate extremes."
LONDON, July 29, 2025 (GLOBE NEWSWIRE) -- Natural catastrophes continue to put a strain on global insurance markets, according to the latest published today by Willis, a WTW business (NASDAQ: WTW).
Worldwide, insured losses from natural catastrophes now consistently exceed USD 100 billion per year. It’s been six years since the insurance industry last experienced a year with low losses from natural catastrophes. Events so far in 2025 indicate that losses exceeding USD 100 billion will very likely continue for at least another year.
The Willis Natural Catastrophe Review is a biannual publication that provides insights into recent natural catastrophes and shares expert views on the risks posed by major perils. It sets out the causes and effects of major catastrophes in 2025 to date and goes beyond the headlines to identify the underlying factors that made them possible. The Review also provides an expert outlook for the rest of the year and into 2026, exploring potential threats from hurricanes, drought, flood and other hazards.
Other key trends to note:
- Exceptional natural catastrophes: So far, major events in 2025 include the Los Angeles wildfires (globally, the worst wildfire event ever with respect to insured losses), the worst wildfires in Japan and South Korea in at least a generation, the third-most active year on record for tornadoes in the United States, the first landfalling cyclone near Brisbane, Australia in 50 years, and the highest wind speed ever recorded over Ireland.
- Natural catastrophes under climate change: The severity and scale of recent catastrophes underlines the need to confront a new era of climate extremes. Risk managers must reassess the risk, integrate climate forecasts into their plans, and ensure insurance and risk frameworks are optimized for today’s evolving threats. Data-driven strategies are needed to narrow protection gaps and to stay resilient in a rapidly changing world.
- Leveraging scientific advances to mitigate future risks: The Review presents a forward view on natural catastrophe risk for the remainder of 2025 and early 2026. It also provides concrete advice on how to make the most of seasonal weather forecasts and identifies geographic regions that may be exposed to elevated catastrophe risk during the next three to six months.
Peter Carter, Head of Climate Practice, Willis, said: �2024 continued a 6-year streak of natural catastrophe losses in excess of USD 100 billion. The wildfires in Los Angeles early in 2025 will drive estimated losses of USD 40 billion alone so the streak looks set to continue. With global efforts likely failing to keep the temperature below 2°C above pre-industrial levels, our focus must now turn to adapting and building resilience in the face of this new reality.�
Cameron Rye, Director, Natural Catastrophe Analytics, Willis said: “The Los Angeles wildfires of January 2025 resulted in insured losses more than USD
The full Natural Catastrophe Review can be accessed .
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