The year-end catastrophe scorecard

Today, in words, I got nothin’. Fortunately, Aon has released its encyclopedic analysis (pdf) of 2010 catastrophes, which caused $38 billion in insurance losses. So I got this chart:

Well predicted.It compares the pre-season hurricane forecasts of Colorado State, the federal government (NOAA) and Tropical Storm Risk, an Aon-sponsored forecaster. All in all, three accurate forecasts. Fortunately, the storms tended to stay at sea.

I also have this time series from Swiss Re, whose 2010 cat overview put insured losses at $36 billion:

Inclining upwards

Insured cat losses have been creeping upward steadily the past three decades. (The chart is inflation-adjusted.) Not sure why Swiss Re charts losses from manmade disasters and earthquakes but not hurricanes, which is obviously providing the contours to the top line.


One thought on “The year-end catastrophe scorecard

  1. […] This post was mentioned on Twitter by Reactions, Jim Lynch. Jim Lynch said: The year-end catastrophe scorecard: […]

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