Mexico: costliest natural disasters for the insurance industry 1985-2022
The most expensive catastrophe for the Mexican insurance industry as of May 2022 was the COVID-19 pandemic, which began in early 2020. The pandemic resulted in three billion U.S. dollars of insured losses. This was followed by Hurricane Wilma, which hit Mexican coasts in October 2005. This storm was responsible for over 2.3 billion U.S. dollars of insurance compensations paid.
