Nat cat insured losses hit $22bn in Q1 2023: Gallagher Re
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Nat cat insured losses hit $22bn in Q1 2023: Gallagher Re


The total global insured losses for all natural hazards in the first quarter of 2023 are estimated to be $22bn, with "above average” economic losses of $77bn, according to Gallagher Re’s Q1 2023 Catastrophe Report.

The insured loss was 38% higher than the decade average and 47% higher than the decade median, while the total economic loss was the highest Q1 total since 2011, according to the report.


Request a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article