Verisk lifts global insured catastrophe loss benchmark to $171 billion average annual level, report says

Verisk lifted its modeled global insured catastrophe loss benchmark to $171 billion average annual loss, up $19 billion.

• U.S. risk drove $117 billion, or 68%, despite no U.S. hurricane landfalls in 2025 and a sixth straight year above $100 billion.
• Severe thunderstorm risk led at 40% of modeled losses, ahead of tropical cyclone at 27% and earthquake at 10%.
• Modeled aggregate insured losses reached $477 billion at a 100-year return period, rising to $606 billion at 250-year.
• Verisk pegged global economic catastrophe losses above $450 billion, with only 38% insured, signaling a persistent protection gap.