Reduction of losses due to natural disasters in the first half of 2022

By Irene Madongo (July 29, 2022, 4:11 p.m. BST) – Total damage from natural disasters fell to $65 billion in the first half of this year, from $105 billion in the same period last year, according to the reinsurance giant Munich Ré.

Insured losses – those that result in reimbursements by insurers – fell to around $34 billion between January and June this year, compared to $47 billion seen in the same window last year, according to figures from Munich Re. released Thursday.

Munich Re board member Torsten Jeworrek said the natural disaster period in the first half of this year was dominated by…

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