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Total economic losses from disaster events in 2014 reached USD 113 billion worldwide

According to preliminary estimates, total economic losses from natural catastrophes and man-made disasters were USD 113 billion in 2014, down from USD 135 billion in 2013. Out of the total economic losses, insurers covered USD 34 billion in 2014, down 24 percent from USD 45 billion in 2013. This year disaster events have claimed around 11 000 lives.

Of the estimated total economic losses of USD 113 billion in 2014, natural catastrophes caused USD 106 billion, down from USD 126 billion in 2013. The outcome is well below the average annual USD 188 billion loss figure of the previous 10 years. The total loss of life of 11,000 from natural catastrophe and man-made disaster events this year is down from the more than 27,000 fatalities in 2013.

Insured losses for 2014 are estimated to be USD 34 billion, of which USD 29 billion were triggered by natural catastrophe events compared with USD 37 billion in 2013. Man-made disasters generated the additional USD 5 billion in insurance losses in 2014.

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•Date: 6th January 2015 • World •Type: Article • Topic: DR general


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