2026-09-02 · Source: Commercial Risk
Summary in 3 Points • Insured catastrophe losses are projected to average $171bn annually, according to Verisk • This figure represents an increase of $19bn from the previous year's estimate • The data comes from Verisk's 2026 Global Modeled Catastrophe Losses Report --- Verisk has released its 2026 Global Modeled Catastrophe Losses Report, indicating that insured catastrophe losses are expected to average $171bn annually. This marks a $19bn increase from last year's estimate. The report points to the growing financial impact of catastrophic events on the insurance industry, reflecting changes in climate patterns and increased exposure in vulnerable areas.
The projected increase in insured catastrophe losses could lead to a reassessment of underwriting strategies within the London Market. Insurers may need to adjust policy wordings and pricing to account for the heightened risk. This development could also influence the demand for reinsurance as companies seek to mitigate potential losses. Additionally, there may be a greater focus on risk modelling and data analytics to better predict and manage future exposures.