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Global insurers Aon Benfield in the annual report “Annual Global Climate and Catastrophe Report” informed that for 2015 the payment of insurance against natural disasters is 31 percent below average.

Global insurers Aon Benfield in the annual report “Annual Global Climate and Catastrophe Report”  informed that for 2015 the payment of insurance against natural disasters is 31 percent below average. It should be noted that in 2015 recorded more than 300 natural disasters around the world, which is something a bit more compared to an annual 15-year average which  is 269. Natural disasters in the past year caused $ 35 billion cost of insurance companies which is still 31% below 15 annual average of which is about $ 51 billion. This data indicates that the previous year had the least cost to insurance companies since 2009.

From the above data it can be concluded that the areas affected by the native disaster is very low level of insurance of natural disasters.

The good news is that the world’s total economic damage from natural disasters in 2015 totaled $ 123 billion, which is 30 percent less than the 15-year average (175 billion dollars).

It is worth noting that 14 events had the billion economic loss, with the greatest damage occurred in Indonesia, where forest fire escaped control ($ 16.1 billion). The World Bank has warned that economic losses from fire represent 1.9 percent of the GDP of that country. The report Aona conclude that the three biggest risks – floods, storms and fires – caused 59 percent of all economic damage during 2015. Earthquakes in Nepal was the deadliest event in terms of human lives, in this earthquake was killed more than 9100 people, but in this economic damage to Nepal and surrounding the ground was about $ 8 billion. Steve Bowen, one of the directors and meteorologist Aonova Impact Forecasting, said: “Although noticeable increase recorded event of natural disasters is not directly affected by the financial losses in 2015, a year marked with 31 individual disaster with damages in amounts to be written in the billions of dollars, is 20 percent more than the long-term average. This is the fourth time since 1880 that happened more than 30 such events per year. Asia is re-experienced the greatest economic damage, which make up 50 percent of all damage caused by natural disasters in 2015, and four out of five events with the greatest damage. The strongest El Nino in this decade had a decisive influence on the weather in the second half of 2015 and led to devastating floods, tropical cyclones and droughts. These impacts will be retained and the first half of 2016. ”

In terms of insurance indemnity most expensive event was a strong storm the eastern part of the United States that took place during February .This storm caused more than 2.1 billion dollars compensation to insurance societies.

The ten largest insurance losses in 2015 are: five storms in the United States, a snow storm in the US, the storm in Europe, fires in Indonesia and drought in the United States (Table 1). In Europe, most human life (more than 109), were lost in fires in Central and Eastern Europe and the Middle East in August, the biggest damage drought in Romania, Poland and the Czech Republic since the beginning of June to the end of August (more than US $ 2.7 billion). President of Aon Analytics Stephen Mildenhall emphasized that “Globally, insured property damage in disasters in 2015 amounted to only 28 percent of total economic damages, which is roughly in the framework of the 10-year average (29 percent). In many regions, the economic damage from natural disasters in relation to GDP is very high, but despite this assurance is there at a much lower level than in the US and Europe. Of the five events with the greatest economic damage, four of them happened outside the US, but none of them does not fall under the “Top 10 most expensive damage to the insurers’ given the low penetration of insurance in those countries. Its abundant capital and sophisticated tools for risk management, (re) insurance industry should encourage the growth of better fulfilling their core mission – to provide products of risk transfer in order to allow a stable economic growth in all regions around the world. “

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