What are the costliest natural catastrophe losses of the past 25 years?
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- The 14 costliest natural catastrophes losses mapped above are responsible for over 100,000 fatalities.
- Overall financial losses from the costliest natural catastrophe events of the past 25 years total in excess of $850bn.
- Insured losses from these major events total approximately $250bn, covering approximately 30% of the overall losses.
- Half of the 14 costliest natural catastrophe losses have been caused by earthquakes, five of which have occurred in the Asia Pacific region, including three in Japan.
- Hurricanes have resulted in five of the costliest natural catastrophe losses. All of which have occurred in the US.
- The Tohoku earthquake and tsunami which occurred on March 11, 2011 in Japan is the largest natural catastrophe event to date in terms of overall losses, costing approximately $210bn.
- Hurricane Katrina, which made landfall on the Gulf Coast of the US, on August 29, 2005 remains the largest insured loss, costing approximately $60bn.
- Seven of the costliest natural catastrophe events have occurred in the US.
- Six of the costliest natural catastrophe events have occurred across the Asia Pacific Region.