Total losses as a result of natural disasters since 1980 - More than 70% of this total was not insured
Insurers seeking to assess extreme 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.Joachim WenningMunich ReCEO
Losses from natural disasters
Natural catastrophes on the rise - Number of relevant loss events by peril 1980–2019
High share of natural catastrophe losses remains uninsured
Natural disasters caused overall losses of more than US$ 5,200bn since 1980
Meteorological events dominate both overall ...
... and insured losses from natural catastrophes
The challenge: Turning science into underwriting
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Topics Geo — Natural disasters 2017
Risk assessment and risk management solutions
Reinsurance Solutions
Industry solutions

