Almost 60% of this total was not insured
Insurers seeking to assess extreme natural catastrophe risks and develop new insurance solutions must have in-depth knowledge of the risks involved and of the factors that affect those risks.
As such, research into the scientific correlations and analysis of the relevant high-level data are essential elements when assessing the trends and risks associated with natural hazards.
Nearly five decades of research into natural disasters
When it became apparent back in the 1970s that overall and insured losses from natural disasters were increasing, Munich Re was quick to identify that greater expertise was required in this area. Since then, experienced scientists and insurance specialists have been analysing and assessing the entire spectrum of natural hazards, including cyclones, severe thunderstorms, floods, earthquakes and volcanic eruptions.
Working in close collaboration with our risk management specialists and a global network of experts and research institutions, we at Munich Re ensure that our risk analyses always reflect the latest scientific findings. These analyses form the basis of our risk models and the range of natural hazard products that we offer to our customers, and allow us to develop innovative insurance solutions.

More widespread insurance coverage helps people, companies and entire economies get back on their feet more quickly when a catastrophe event happens.
High share of natural catastrophe losses remains uninsured
Weather catastrophes dominated both overall ...
... and insured losses from natural catastrophes in 2021
The challenge: Turning science into underwriting
Risk assessment and risk management solutions
Reinsurance Solutions
Industry solutions
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