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Munich Re: Natural disaster review for first half of 2022

  • In the first half of 2022, natural disasters caused overall losses of US$ 65bn, with slightly more than half of these insured
  • Extreme multi-day rainfall and severe flooding in Australia constituted the main loss burden for the insurance industry of at least US$ 3.7bn
  • US once again country with highest weather-related losses
  • Number of fatalities from natural disasters increased to 4,300 compared with first half of 2021
  • Extreme heat, drought and wildfires are increasing in many regions of the world, scientific community believes climate change is having a significant effect on the frequency of such events


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