Insurer Aon has identified a protection gap between the $ 90bn of cover provided by private sector and government - sponsored insurance programmes and the $ 200 in total coverage , in its annual Weather , Climate & Catastrophe Insight for 2018 . uk ’s Impact assessment team concluded that catastrophe risks were evolving as a result of climate change and a combination of socioeconomic factors . The report broke down the 394 natural catastrophe warnings for the year , led by major cyclones and wildfire .
Insurer Aon has reported a protection gap between the $90bn of cover provided by private sector and government-sponsored insurance programmes and the $225bn in total costs, in its annual Weather, Climate & Catastrophe Insight for 2018. Aon’s Impact Forecasting team commented that catastrophe risks were evolving as a result of climate change and a combination of socioeconomic factors. The report broke down the 394 natural catastrophe events for the year, led by major cyclones and wildfire.