2015 a Quiet Year for Catastrophe Losses: Guy Carpenter

March 22, 2016

Despite a record-setting tropical season in the Pacific, 2015 was a quiet year in terms of global insured losses, according to a new report by risk and reinsurance specialist Guy Carpenter & Co., a wholly owned subsidiary of Marsh & McLennan Cos.

Global insured losses in 2015 totaled around $30.5 billion, well below the five-year average of $62.6 billion and only a fraction of the $126 billion in losses seen in 2011, Guy Carpenter said in its 2015 Global Catastrophe Review.

The Tropical North Pacific basin saw the most active season in the historical record, producing 27 major hurricanes. Notable storms include May’s Super Typhoon Noul, which impacted the Northern Philippines as a Category 5, and Typhoon Goni, which made landfall in Japan as a Category 3 in August, causing estimated insured losses of $1.16 billion.

Among the major catastrophes in 2015:

Check out Guy Carpenter’s 2015 Global Catastrophe Review for a more detailed breakdown of last year’s catastrophe events.