'High time to invest in more climate adaption': Natural catastrophes cost insurers $50bn in first half of 2023

Stuart Stone
clock • 2 min read
Credit: iStock
Image:

Credit: iStock

Severe thunderstorms account for up to 70 per cent of $50bn in natural catastrophe losses in first half of 2023, Swiss Re Institute estimates

Severe thunderstorms, earthquakes, extensive flooding, and heatwaves have hit the global insurance industry for $50bn in the worst start to a year for the industry since 2011, according to a major new...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Management

BSI and ISO launch new standard to help firms tackle food waste

BSI and ISO launch new standard to help firms tackle food waste

New standard provides a framework to help organisations measure, manage, report on, and reduce food waste

Michael Holder
clock 30 September 2026 • 4 min read
Why resilience is becoming the new sustainability

Why resilience is becoming the new sustainability

Resilience doesn't replace sustainability - but it gives it a stronger business case, writes Green Project Technologies CEO Sam Stark

Sam Stark, Green Project Technologies
clock 30 September 2026 • 5 min read
Specsavers' Helen Curran: 'The best sustainability work isn't separate from business strategy'

Specsavers' Helen Curran: 'The best sustainability work isn't separate from business strategy'

Specsavers' head of sustainability shares her love of taking complex sustainability topics and making them practical, relevant, and useful, and the importance of commercial awareness

Stuart Stone
clock 29 September 2026 • 8 min read