Weather, climate & catastrophe insight: 2018 annual report
Aon plc, launches its Weather, Climate & Catastrophe Insight: 2018 Annual Report. This evaluates the impact of global natural disaster events to identify trends, manage volatility and enhance resilience. The report reveals that 394 natural catastrophe events in 2018 generated economic losses of USD 225 billion. Of that total, private sector and government-sponsored insurance programs covered USD 90 billion of the total – the fourth-highest year on record. This means the protection gap, which is the portion of economic losses not covered by insurance, was 60 percent and at its lowest level since 2005.