Catastrophe insurance: losses estimated according to natural hazard 2015

This statistic presents the estimated annual average losses due to natural disasters in Spain in 2015, broken down by type catastrophe. During this period, the estimated annual loss due to floods reached surpassed one billion US dollars.

Estimate of the annual average of natural disaster losses in Spain in 2015, according to danger (in millions of dollars)

Characteristic	Average annual loss in million USD
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Release date

March 2015

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Region

Spain

Survey time period

2015

Supplementary notes

The average annual loss is the expected annual loss associated with the occurrence of future hazards assuming a long observation time. The damage caused by the elements exposed in small, moderate and extreme events is considered and is a useful and robust measure for the classification of the risk. Home * Flood results are provisional. Apart from the water level, there are many other factors that influence the losses, so the level of uncertainty is higher than in the case of other natural disasters.

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