Global Specialty Insurance combined ratio vs Natural catastrophe insured losses (year to date)

In 2025, global Specialty Insurance combined ratio was 85.9%; natural catastrophe insured losses (year to date) was 107 billion USD.

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The series

Over time

Global, spaced by time from 2024 to 2025 . Different units, drawn on separate scales and clipped to the years both series publish — earlier history stays on each indicator's own page. Read the values, not the heights.

Global Specialty Insurance combined ratio

Unit: % · 2 observations

Line chart
Global Specialty Insurance combined ratioGlobal Specialty Insurance combined ratio. 2 observations from 2024 to 2025, ranging from 85.9% to 93.6%. Latest value 85.9% (2025). % 0 20 40 60 80 100 2024 2025 94% 86%
Global Specialty Insurance combined ratioGlobal Specialty Insurance combined ratio. 2 observations from 2024 to 2025, ranging from 85.9% to 93.6%. Latest value 85.9% (2025). % 0 30 60 90 120 2024 2025 94% 86%
Global Specialty Insurance combined ratioGlobal Specialty Insurance combined ratio. 2 observations from 2024 to 2025, ranging from 85.9% to 93.6%. Latest value 85.9% (2025). % 0 30 60 90 120 2024 2025 94% 86%
View the underlying data
Global Specialty Insurance combined ratio
Period Type Value
2024 Actual 93.6%
2025 Actual 85.9%
Source: Munich Re · CC BY 4.0 · Full series

Natural catastrophe insured losses (year to date)

Unit: billion USD · 2 observations

Line chart
Natural catastrophe insured losses (year to date)Natural catastrophe insured losses (year to date). 2 observations from 2024 to 2025, ranging from 107 billion USD to 137 billion USD. Latest value 107 billion USD (2025). billion USD 0 30 60 90 120 150 2024 2025 137 107
Natural catastrophe insured losses (year to date)Natural catastrophe insured losses (year to date). 2 observations from 2024 to 2025, ranging from 107 billion USD to 137 billion USD. Latest value 107 billion USD (2025). billion USD 0 50 100 150 2024 2025 137 107
Natural catastrophe insured losses (year to date)Natural catastrophe insured losses (year to date). 2 observations from 2024 to 2025, ranging from 107 billion USD to 137 billion USD. Latest value 107 billion USD (2025). billion USD 0 50 100 150 2024 2025 137 107
View the underlying data
Natural catastrophe insured losses (year to date)
Period Type Value
2024 Actual 137 billion USD
2025 Actual 107 billion USD
Source: Swiss Re · CC BY 4.0 · Full series

Shared periods

Side by side

Only 2 periods are published for both series. Comparing anything else would mean comparing different years.

Period Global Specialty Insurance combined ratio Natural catastrophe insured losses (year to date)
2024 93.6% 137 billion USD
2025 85.9% 107 billion USD

Provenance

Where these numbers come from

Global Specialty Insurance combined ratio

Sum of claims and expenses divided by net insurance revenue in Global Specialty Insurance.

2 observations in Global · source organisations: Munich Re

Natural catastrophe insured losses (year to date)

Total insured losses caused by natural catastrophe events.

6 observations in Global · source organisations: Munich Re, Swiss Re

Data published under CC BY 4.0. Series A as JSON · Series B as JSON

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