A sequence of devastating earthquakes and a large number of weather-related catastrophes made 2011 the costliest year ever in terms of natural catastrophe losses.
Estimates of around US$380bn in global economic losses were nearly two-thirds higher than in 2005, the previous record year with losses of $220bn. The earthquakes in Japan in March and New Zealand in February alone caused almost two-thirds of these losses.
Insured losses of $105bn also exceeded the 2005 record of $101bn.


