Kathmandu. Natural disasters cost $129 billion in insured property losses worldwide in 2025. That’s 5 percent lower than the 2015-2024 average.
According to a report by reinsurance broking and advisory firm Gallagher Rie, the damage caused by natural disasters in the US has increased the damage. According to the report, the United States accounted for 78 percent of the total damage caused in the world.
The year 2025 proved to be the most expensive in the U.S. insurance sector. The Los Angeles wildfires in particular have increased the damage to insured property. About $41 billion worth of insured property has been damaged in this incident alone.
Hurricane damage is also one of the world’s highest total losses. Hurricanes account for about 47 percent of the total damage caused by natural disasters in different countries. Globally, about $60 billion in insured property was damaged, compared to $51 billion in the United States, according to the report.
Natural disasters have affected many regions around the world. “However, overall, the financial impact is manageable,” the report said.
Different weather and climate extremes have reached extremes in developed and emerging economies. Many of them are at increased risk.
The direct economic loss from natural disasters is estimated at Rs 296 billion. The gap between total economic and insured losses, known as the security gap, is set to reach $167 billion, or 56 percent, in 2025. At least 58 incidents have caused more than $1 billion in economic damage. –Agency
