Overview
- Global economic losses reached $224 billion in 2025, with insurers covering about $108 billion, according to Munich Re.
- Recurring hazards such as floods, severe storms and wildfires caused a record $166 billion in damage, underscoring a shifting risk profile.
- The Los Angeles wildfires were the year’s costliest event at $53 billion in losses, including roughly $40 billion insured, the highest ever for a wildfire.
- A magnitude‑7.7 earthquake in Myanmar was the second‑largest event with about 4,500 deaths and roughly $12 billion in losses, contributing to an estimated 17,200 disaster fatalities worldwide.
- North America suffered about $133 billion in losses, Asia/Pacific $73 billion and Europe $11 billion, highlighting wide protection gaps in less‑insured regions.