In 2024, natural disasters caused at least $368 billion in economic losses. Hurricanes Helene and Milton alone accounted for nearly 10% of that – generating an estimated $37.5 billion in insured losses – making last year one of the most expensive on record for the insurance industry. And it wasn’t just a few outlier events. For 15 straight months, global temperatures broke records. Flooding alone caused over $84 billion in damage.
For travel suppliers, this isn’t just background noise. It’s a signal that the link between climate and travel disruption is growing stronger and more urgent.
Severe thunderstorms can delay departures. Hurricanes can reroute cruises. Wildfires can alter itineraries. In this environment, travel protection programs must evolve. Are your offerings keeping pace with the realities of a shifting climate? Are they adapting to these evolving risks – and the places your travelers go?
The latest Aon Climate and Catastrophe Insight report helps answer those questions. It offers a picture of the global events reshaping risk – and just as importantly, the shifting expectations of the people you serve.
This is a key moment for travel suppliers to reassess:
What’s being offered.
How benefits are being communicated.
Whether travelers feel supported when the unexpected occurs – and whether your programs are ready to respond when it does.
Remember that travel insurance brokers play a vital role in helping suppliers navigate these challenges. By leveraging advanced data and industry knowledge, brokers can help you understand how emerging weather risks can impact your customers and help ensure your programs are responsive to these changing needs.
The Aon Travel Takeaway
“We can’t predict every disruption – but we can be better prepared,” said Beth Godlin, president of the Aon Affinity Travel Practice. “The data from Aon’s latest climate report doesn’t just explain what’s happening – it also helps us act. As a broker, our role is to help travel suppliers design travel protection programs that align with today’s climate realities and traveler expectations.”