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[Data shows that global natural disaster insurance losses in the first half of the year reached about 60 billion US dollars, 62% higher than the average level of the past 10 years.]

The frequent occurrence of natural disasters has further increased the related insurance losses.

Munich Re and Swiss Re, two global reinsurance giants, recently released data on insurance losses caused by natural disasters in the first half of this year. The data showed that global natural disaster insurance losses in the first half of the year reached about 60 billion US dollars, 62% higher than the average level of the past 10 years.

The "Global Natural Catastrophe Loss Report for the First Half of 2024" released by Munich Re shows that in the first half of 2024, the total losses caused by natural disasters worldwide were US$120 billion, down from the previous year's losses (US$140 billion). Compared with the same period last year, insurance losses were US$60 billion, a slight increase, but 62.2% and 150% higher than the average levels of the past 10 years and the past 30 years (US$37 billion and US$24 billion respectively after inflation adjustment).

According to the Swiss Re Institute, of the estimated USD 60 billion in natural catastrophe insured losses in the first half of this year, severe thunderstorms (mainly in the United States) accounted for 70% of global insured losses.

Thunderstorms, or severe convective storms, are characterized by strong winds (including tornadoes), hail and heavy rain. According to the Swiss Re Institute, in the first half of 2024, these perils caused a total of USD 42 billion in insured losses worldwide. In the United States, 12 storms caused losses of more than USD 1 billion each, showing the extent of the losses that these perils can cause. Since 2008, insured losses from severe thunderstorms in the United States have increased by an average of about 8% per year.