Tuesday, August 02, 2022 – 14:59
In the first half of this year, the world incurred economic losses from natural disasters, amounting to 72,000 million dollars, according to estimates by the Swiss insurer, Swiss Re, published on Tuesday.
“The effects of climate change are manifesting in increasingly extreme weather events, such as the unprecedented floods in Australia and South Africa,” said Martin Bortog, head of natural disaster insurance at the Swiss company.
Although higher economic losses as a result of natural disasters were recorded in the first half of 2021 ($91 billion), the Swiss insurer pointed to the growing impact of increasingly costly so-called secondary disasters; Such as floods and winter storms in February in Europe and hailstorms in France, according to the company’s statement.
And total losses from natural disasters, including man-made disasters such as industrial accidents, were reported to be worth $75 billion in the first half of 2022, compared to $95 billion in the first half of 2021, according to the company.
The bill from insurance companies reached $38 billion, compared with $49 billion a year ago.
The company noted that the frequency of so-called secondary disasters, such as floods and storms, compared to larger disasters, such as earthquakes and hurricanes, is increasing around the world.