Natural and human-made disaster losses: 2025 estimates

According to Swiss Re’s preliminary estimates, insured losses from natural catastrophes in 2025 are expected to exceed the 100 billion USD mark for the sixth consecutive year.

These losses are projected to reach 107 billion USD, representing a 24% decline compared to 141 billion USD in 2024.

The United States is expected to account for the majority of insured losses, with an estimated 89 billion USD, or 83% of global insured losses. In 2025, the country was heavily impacted by wildfires and severe storms. The Los Angeles wildfires alone are anticipated to generate insured losses of approximately 40 billion USD.

Other significant catastrophe events during the year include Hurricane Melissa in Jamaica and widespread flooding across Southeast Asia.

The total economic cost of natural disasters in fiscal year 2025 is estimated at 220 billion USD, down from 327 billion USD in 2024.

Human-made disasters are expected to cause economic and insured losses in the range of 13 billion USD and 11 billion USD, respectively.