Article ID: 481a43886850e9adbb7a2b692fec8219e8dbff73b3d9cd7e3375a1f4f7a2b31f
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Global insured cat losses fall 56% in first half: Aon - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Global insured cat losses fall 56% in first half: Aon by Claire Wilkinson Agents and Brokers , Catastrophes , P/C Insurers , Property Portugal , Spain Aon Jul 22, 2026 Global insured natural catastrophe losses fell 56% to an estimated $47 billion in the first half of 2026, down from $108 billion in the first half of 2025, Aon said Wednesday. Insured losses were 4% above the 21 st -century first-half average despite the sharp decline from the record first half of 2025, the broker said in its first-half Global Catastrophe Recap. U.S. natural catastrophes generated about $36 billion in insured losses, 26% above the long-term regional average since 2000, driven mainly by severe convective storms, the report said. Overall, U.S. catastrophes accounted for about 77% of the global insured losses during the period. At least 13 events, 11 of which occurred in the U.S., generated insured losses of at least $1 billion in the first half, Aon said. Outside the U.S., Windstorm Kristin in Portugal and Spain also exceeded that threshold. Severe convective storms remained the costliest insured peril globally, generating about $31 billion in insured losses, including $27 billion in the U.S. The largest insured event was a U.S. severe convective storm outbreak from April 23 to 29 that generated more than $5 billion in insured losses. A March 10-11 severe convective storm outbreak over northern Illinois and Indiana that produced record hail near the Chicago metropolitan area and EF3 tornado damage near Kankakee and surrounding areas was also among the costliest first-half events. Despite Illinois and Indiana setting annual tornado records by midyear, insured losses from U.S. severe convective storms remained below the more than $40 billion recorded in each of the first halves of 2023 to 2025 because of lower year-to-date frequency across all three sub-perils and a more fragmented loss pattern in densely populated areas, the report said. Notable uncertainty remains in assessing the impact of the June 24 Venezuela earthquakes, but initial information suggests that it might become a billion-dollar industry loss event, Aon said. Economic losses from the event are estimated in the range of $20 billion to $30 billion. 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