Insured catastrophe losses worldwide came to $92 billion in the first nine months of 2026, the lowest for the period since 2019 and 29% below the ten-year average of $128 billion. Economic losses reached at least $242 billion, the lowest first three quarters since 2015. No single insured event has topped $10 billion for six straight quarters. Europe's severe convective storms cost insurers at least $9 billion, $3.8 billion of it from one late-August outbreak.

Source: Gallagher Re, Natural Catastrophe and Climate Report Q3 2026 (2026-10-21)