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Aon Benfield: H1 insured losses reach $21B

Global economic losses from natural disasters for the first half are estimated at $45 billion, with about $21 billion in insured losses, according to a report by Aon Benfield Inc.

According to the report, there were an estimated 156 natural disaster events in the first two quarters of 2018. While no catastrophe led to economic damage beyond $10 billion, there were at least 15 separate billion-dollar events in the half, all of which were weather-related led by the U.S. at six; followed by Asia-Pacific and Europe, the Middle East and Africa at four each, and the Americas at one.

The first six months were marked by many smaller-scale disasters, with Asia-Pacific recording the most disasters in the first six months of the year at 55; EMEA was second with 44 events, followed by the U.S. at 37 and the Americas at 20 events.

Aon Benfield is part of Aon PLC.