![]() ![]() Nevertheless, insurance payouts are primarily garnered by industrialized countries. The resilience of societies against catastrophes have been boosted by insurance industry payouts. Hurricane Katrina has been one of the costliest disasters in the world, costing the insurance industry some 82.4 billion U.S. Among the different types of natural disaster events, tropical cyclones caused the largest economic losses across the globe in 2022. dollars in 2022, while 2011 was the costliest year to date. Economic losses due to natural disasters globally amounted to 313 billion U.S. The heatwave across Western, Southern and Central Europe in July was the deadliest catastrophe in 2022 with 15,450 reported deaths. The total global economic loss due to natural disaster events worldwide amounted to about 313 billion U.S. ![]() In 2022, there were roughly 31,000 reported fatalities caused by natural disaster events worldwide. ![]()
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