Natural Catastrophes Caused USD 65 Billion Economic Loss in Asia Pacific in 2023, Aon reports
Source: EQS
91 percent of losses in |
Date | Event | Location | Deaths | Economic Loss ($ billion) |
05/22-09/30 | Flooding | | 370 | 32.15 |
04/01-10/31 | Drought | | N/A | 3.60 |
01/01-12/31 | Drought | | N/A | 2.70 |
05/13-05/15 | Cyclone Mocha | | 466 | 2.30 |
07/26-08/01 | Typhoon Doksuri | | 106 | 2.15 |
10/04 | Flooding | | 179 | 1.40 |
05/28-06/02 | Flooding | | 5 | 1.35 |
08/26-09/03 | Typhoon Saola | | 1 | 1.35 |
04/01-04/30 | Flooding | | 0 | 1.00 |
12/18 | Earthquake | | 151 | 1.00 |
The top 10 global economic loss events in 2023 were:
Date | Event | Location | Deaths | Economic Loss ($ billion) |
02/06-02/20 | | | 59,272 | 92.4 |
05/22-09/30 | China Floods | | 370 | 32.2 |
10/25-10/26 | Hurricane Otis | | 52 | 15.3 |
01/01-06/30 | La | | N/A | 15.3 |
01/01-12/31 | | | N/A | 14.0 |
05/13-05/17 | Emilia-Romagna Floods | | 15 | 9.8 |
03/01-03/03 | Severe Convective Storm | | 13 | 6.2 |
07/21-07/26 | Severe Convective Storm | | 11 | 5.8 |
08/08-08/17 | Hawaii Wildfires | | 100 | 5.5 |
03/31-04/01 | Severe Convective Storm | | 37 | 5.5 |
With efforts to limit global warming, business and 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.
Insights to Aon's 2024 Climate and Catastrophe Insight report for
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