A new Moody’s report emphasises that the protection gap in natural catastrophe losses cannot be closed by property and casualty (P&C) insurers and reinsurers alone, with more than 50% of these losses uninsured in 2025.
The report finds that since 2015, 57.8% of catastrophe losses have gone uninsured, while the damages from nat cats has only continued to grow, highlighting the need for a mix of approaches to close the gap between economic and insured losses post-event.
The report suggests that improving risk awareness, strengthening disaster resilience of property and infrastructure, scaling up risk transfer solutions, and combining government and private-sector resources could play a part in closing the protection gap.
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