Number of Billion-Dollar Disasters in 2023 Highest on Record

Aon Report - Seite 2

Andy Marcell, CEO of Risk Capital and CEO of Reinsurance at Aon, added: "The findings of the report highlight the need for organizations – from insurers to highly impacted sectors such as construction, agriculture and real estate – to utilize forward-looking diagnostics to help analyze climate trends and mitigate the risk, as well as protecting their own workforces. Risk managers can take advantage of increasingly sophisticated tools and leverage analytics to unlock capital and make better decisions. Equally, the insurance industry plays a critical role in improving the financial resilience of communities within their portfolios and taking the opportunity to bridge the protection gap with new and relevant products."

With efforts to limit global warming, investors can consider climate change from three perspectives: protecting their portfolios against financial risks; benefiting from growth opportunities in climate solutions, and determining how to have a positive impact and play a role in a world moving to net-zero.

"The report highlights how communities can be vulnerable to disasters in different ways. For example, earthquakes in 2023 highlighted underinsurance and the importance of regulation and enforcement of building codes," said Michal Lörinc, head of Catastrophe Insight at Aon. "In addition, deadly floods – notably in Libya and India – reinforce the necessity for proper maintenance of infrastructure while the Hawaii fires demonstrated the critical need for reliable warning systems and forecasting."

The top 10 global economic loss events in 2023 were:

Aon's 2024 Climate and Catastrophe Insight report can be found at the following link:

https://aon.io/2024-cci-report

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