Swiss Re reports $100 billion in global natural disaster losses in first half of 2026

Swiss Re, a leading global reinsurance group, reported on Tuesday that economic losses from natural catastrophes worldwide reached $100 billion in the first half of 2024. The figure represents a sharp decline from the same period last year, when losses were significantly higher.

The data, released as part of Swiss Re’s annual catastrophe loss review, highlights a downturn in the frequency and severity of major weather‑related events across the globe. While the report does not break down losses by region, it underscores the continued volatility of the catastrophe insurance market and the importance of reinsurance as a risk‑transfer mechanism for insurers.

Swiss Re’s assessment provides a benchmark for the industry, informing underwriting decisions and capital planning. The decline in losses may influence future pricing and coverage strategies as insurers adjust to evolving climate‑risk dynamics.