According to the Summary of Natural Catastrophe Events 2020 published this week by ICMIF’s Supporting Member Willis Re, insured losses from major natural catastrophes in 2020 reached roughly USD 78 billion, the fourth largest total since 2011, and about 17% higher than the ten-year average of USD 66.5 billion. However, the total does not reflect high levels of storm activity, because multiple hurricanes and tropical cyclones skirted major built-up areas last year.