<p>倫敦，2026 年 1 月 29 日（環球新聞通訊社）——自然災害在 2025 年造成的保險損失超過 1000 億美元，這是連續第六年超過這一閾值，但與 2024 年相比減少了 400 億美元。記錄的損失水平在美國沒有單一颶風登陸的情況下，突顯了自然災害風險的持續嚴重性和持久性。</p>
<p>今天由威利斯（WTW 業務，納斯達克代碼：WTW）發佈的最新一期《自然災害回顧》，由威利斯再保險提供貢獻，深入探討了氣候風險背後的基本趨勢、結構性壓力、警示信號和系統性脆弱性。</p>
<p>主要要點包括：</p>
<ul>
<li><strong>野火必須被視為保險投資組合波動的核心因素</strong>：定價不能僅依賴歷史損失。野火模型必須調整為適應當今條件，使用詳細的資產級特徵來補充暴露數據，並應用現實的替代成本估算。由於全球變暖加劇的長期乾旱以及社區持續侵入野生城市接合部，早已預測會使災難性火災的發生更加可能，但 2025 年證明了索賠的嚴重性。  - 案例研究：美國的伊頓和帕利塞德火災。</li>
</ul>
<ul>
<li><strong>風險建模必須考慮複合風險</strong>：快速接連發生的多重風險所帶來的累積損害（例如在雨水飽和的土壤上發生的地震，或在地震後發生的颱風）往往會導致索賠支付延遲和與保單持有人的爭議。災害風險融資產品可以量身定製，以減少一系列災難性事件發生時的經濟影響。  - 案例研究：菲律賓超級颱風拉加薩。</li>
</ul>
<ul>
<li><strong>洪水風險不再侷限於正式定義的區域，預計熱帶風暴將伴隨比以往更強烈的降雨</strong>：隨着全球持續變暖，水文譜的兩端（洪水和乾旱）預計將變得更加嚴重。2025 年下半年，許多地方出現極端或創紀錄的降雨，導致在通常不被認為是高風險地區發生多起嚴重洪水事件。暴雨洪水發生在強降雨淹沒地表排水並導致遠離河流、湖泊或海岸的地方出現高水位，已成為需要關注的風險。風險管理者應廣泛考慮他們對所有類型高水位的暴露，並相應調整保險覆蓋。  - 案例研究：東南亞的西尼亞爾氣旋、迪特瓦氣旋和科託颱風。</li>
</ul>
<p>威利斯再保險自然災害分析主任卡梅倫·賴伊表示：“好運不能替代合理的戰略。即使 2025 年可以被描述為一個適度損失年，災難風險依然很高，隨着全球變暖，物理風險持續增加。保險公司應立即採取行動，保護其投資組合免受不可持續風險累積的影響，併為運勢的逆轉做好準備。鑑於這些趨勢，前進的道路不是遠離風險，而是鼓勵對韌性和緩解措施的投資。風險管理者和可持續發展團隊可以通過共同努力，藉助建模、定價和風險意識的進步來保護商業價值。”</p>
<p>威利斯研究網絡天氣與氣候研究負責人斯科特·聖喬治表示：“即使沒有任何颶風在美國登陸，2025 年自然災害造成的全球保險損失仍超過 1000 億美元。這告訴我們，災難性風險的底線比以往任何時候都要高。除了即時的頭條新聞，我們的專家團隊深入分析了結構性壓力、被忽視的警示信號和系統性脆弱性，這些因素加劇了 2025 年自然災害的影響。我們對不斷演變的風險格局的看法為尋求更新風險視角的保險公司提供了建議，包括許多市場中日益嚴重的可負擔性危機。”</p>
<p>完整報告可在此下載。</p>
<p><strong>關於 WTW</strong></p>
<p>在 WTW（納斯達克代碼：WTW），我們提供以數據驅動、洞察為導向的解決方案，涵蓋人員、風險和資本領域。利用我們在 140 個國家和市場服務的同事的全球視野和地方專業知識，我們幫助組織優化戰略、增強組織韌性、激勵員工並最大化績效。</p>
<p>與客户肩並肩工作，我們發現可持續成功的機會——並提供推動您前進的視角。</p>
<p>瞭解更多信息，請訪問 wtwco.com。</p>
<p><strong>媒體聯繫人</strong></p>
<p>喬·巴雷特</p>
<p>jo.barrett@wtwco.com / +44 7940703911</p>
<p>勞倫·大衞</p>
<p>lauren.david@wtwco.com / +44 7385947619</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZME5UQTJOU00zTXprNE5EVTVJekl3TVRBNE1URT0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZME5UQTJOU00zTXprNE5EVTVJekl3TVRBNE1URT0"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/YTA1NTNhOGItZjM3My00ZGEyLThhNWQtMGQwYjFiZmNiMjA5LTEwMjIzODQtMjAyNi0wMS0yOS1lbg==/tiny/Willis-Towers-Watson-US-LLC.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/YTA1NTNhOGItZjM3My00ZGEyLThhNWQtMGQwYjFiZmNiMjA5LTEwMjIzODQtMjAyNi0wMS0yOS1lbg==/tiny/Willis-Towers-Watson-US-LLC.png"/></p>

<p>自然災害在 2025 年造成的保險損失超過 1000 億美元，這標誌着連續第六年超過這一門檻，儘管相比 2024 年減少了 400 億美元。威利斯的報告強調了自然災害的持續風險，強調需要更新野火模型並在風險評估中考慮複合風險。報告警告稱，氣候變化正在加劇洪水和乾旱風險，敦促保險公司調整策略並投資於韌性建設。專家強調，即使美國沒有颶風，風險形勢仍然很高，保險公司需要採取主動措施</p>

<p>LONDON, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Natural catastrophes caused more than US$100 billion in insured losses in 2025, the sixth consecutive year above that threshold, yet a decrease of $40 billion when compared with 2024. The level of losses recorded, without a single hurricane making landfall in the United States, highlights the continued severity and persistence of natural catastrophe risk.</p>
<div class="lb-trans"><p>倫敦，2026 年 1 月 29 日（環球新聞通訊社）——自然災害在 2025 年造成的保險損失超過 1000 億美元，這是連續第六年超過這一閾值，但與 2024 年相比減少了 400 億美元。記錄的損失水平在美國沒有單一颶風登陸的情況下，突顯了自然災害風險的持續嚴重性和持久性。</p>
</div><p>The latest edition of the Natural Catastrophe Review published today by Willis, a WTW business (NASDAQ: WTW), with contributions from Willis Re, delves into the underlying trends, structural pressures, warning signs and systemic vulnerabilities behind climate risk.</p>
<div class="lb-trans"><p>今天由威利斯（WTW 業務，納斯達克代碼：WTW）發佈的最新一期《自然災害回顧》，由威利斯再保險提供貢獻，深入探討了氣候風險背後的基本趨勢、結構性壓力、警示信號和系統性脆弱性。</p>
</div><p>Key takeaways include:</p>
<div class="lb-trans"><p>主要要點包括：</p>
</div><ul>
<li><strong>Wildfire must be considered a core contributor to the volatility of insurance portfolios</strong> <em>:</em> pricing cannot rely exclusively on historical losses. Wildfire</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>野火必須被視為保險投資組合波動的核心因素</strong>：定價不能僅依賴歷史損失。野火模型必須調整為適應當今條件，使用詳細的資產級特徵來補充暴露數據，並應用現實的替代成本估算。由於全球變暖加劇的長期乾旱以及社區持續侵入野生城市接合部，早已預測會使災難性火災的發生更加可能，但 2025 年證明了索賠的嚴重性。  - 案例研究：美國的伊頓和帕利塞德火災。</li>
</ul>
</div><p>models must be adjusted to present-day conditions, use detailed asset level characteristics to supplement exposure data and apply realistic estimates for replacement costs. Prolonged drought enhanced by global warming and the continuing encroachment of communities into the wildland-urban interface has long been predicted to make catastrophic fires much more likely, but 2025 proved how severe claims can get.</p>
<ul>
<li>Case study: Eaton and Palisades Fires, United States</li>
<li><strong>Risk modelling has to consider compound perils:</strong> cumulative damage brought on by multiple perils in quick succession (such as earthquakes on rain saturated soil, or typhoons following seismic events) can often lead to delayed claims payments and disagreements with policy holders. Disaster risk financing products can be tailored to reduce the economic impact of a sequence of catastrophic events when they happen.
<ul>
<li>Case study: Super Typhoon Ragasa, Philippines</li>
</ul>
</li>
<li><strong>Warming North Atlantic is changing hurricane behaviour:</strong> 2025 was the first year in a decade where no hurricanes made landfall in the US, but other places were not so fortunate. The review analyses why the Caribbean may see more Category 5 storms and for a longer season. It was previously uncommon for major hurricanes to form in October, but as the North Atlantic has warmed, the environmental conditions that are favourable to hurricane formation are lasting later in the year. That same warming also allows storms to become much stronger very quickly.
<ul>
<li>Case study: Hurricane Melissa, Jamaica</li>
</ul>
</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>風險建模必須考慮複合風險</strong>：快速接連發生的多重風險所帶來的累積損害（例如在雨水飽和的土壤上發生的地震，或在地震後發生的颱風）往往會導致索賠支付延遲和與保單持有人的爭議。災害風險融資產品可以量身定製，以減少一系列災難性事件發生時的經濟影響。  - 案例研究：菲律賓超級颱風拉加薩。</li>
</ul>
</div><ul>
<li><strong>Flood risk is no longer confined to formally defined zones, and more intense rainfall than ever before is expected to accompany tropical storms:</strong> as the world continues to warm, both ends of the hydrological spectrum (flood and drought) are expected to become more intense. The second half of 2025 featured extreme or record-setting rainfall in many locations, leading to numerous cases of severe flooding in places not typically considered to be high risk. Pluvial flooding, which occurs when intense rainfall overwhelms surface drainage and causes high water in places far removed from rivers, lakes or coasts, has become a risk to watch. Risk managers ought to think broadly about their exposure to all types of high water and adjust their insurance coverage accordingly.
<ul>
<li>Case study: Cyclone Senyar, Cyclone Ditwah and Typhoon Koto, Southeast Asia</li>
</ul>
</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>洪水風險不再侷限於正式定義的區域，預計熱帶風暴將伴隨比以往更強烈的降雨</strong>：隨着全球持續變暖，水文譜的兩端（洪水和乾旱）預計將變得更加嚴重。2025 年下半年，許多地方出現極端或創紀錄的降雨，導致在通常不被認為是高風險地區發生多起嚴重洪水事件。暴雨洪水發生在強降雨淹沒地表排水並導致遠離河流、湖泊或海岸的地方出現高水位，已成為需要關注的風險。風險管理者應廣泛考慮他們對所有類型高水位的暴露，並相應調整保險覆蓋。  - 案例研究：東南亞的西尼亞爾氣旋、迪特瓦氣旋和科託颱風。</li>
</ul>
</div><p>Cameron Rye, Director of Natural Catastrophe Analytics at Willis Re said: “Good luck is no substitute for sound strategy. Even if 2025 can be described as a moderate loss year, catastrophe risk remains high, and physical risks continue to increase as the world warms. Insurers should act now to protect their portfolios against unsustainable accumulations of risk and prepare for a reversal of fortune. The path forward given these trends isn’t to walk away from risk, but instead to encourage investment in resilience and mitigation. Risk managers and sustainability teams can protect business value by working together, supported by advances in modelling, pricing and risk awareness.”</p>
<div class="lb-trans"><p>威利斯再保險自然災害分析主任卡梅倫·賴伊表示：“好運不能替代合理的戰略。即使 2025 年可以被描述為一個適度損失年，災難風險依然很高，隨着全球變暖，物理風險持續增加。保險公司應立即採取行動，保護其投資組合免受不可持續風險累積的影響，併為運勢的逆轉做好準備。鑑於這些趨勢，前進的道路不是遠離風險，而是鼓勵對韌性和緩解措施的投資。風險管理者和可持續發展團隊可以通過共同努力，藉助建模、定價和風險意識的進步來保護商業價值。”</p>
</div><p>Scott St. George, Head of Weather and Climate research at the Willis Research Network, said: “Even without any hurricanes making landfall in the United States, in 2025 insured losses from natural catastrophes were still over $100 billion worldwide. That tells us the risk floor for catastrophic perils is higher than ever. Beyond the immediate headlines, our team of experts digs into the structural pressures, overlooked warning signs, and systemic vulnerabilities that multiplied the impact of natural catastrophes in 2025. Our perspectives on the evolving risk landscape provide advice to insurers seeking to update their view of these risks, including the burgeoning affordability crisis in many markets.”</p>
<div class="lb-trans"><p>威利斯研究網絡天氣與氣候研究負責人斯科特·聖喬治表示：“即使沒有任何颶風在美國登陸，2025 年自然災害造成的全球保險損失仍超過 1000 億美元。這告訴我們，災難性風險的底線比以往任何時候都要高。除了即時的頭條新聞，我們的專家團隊深入分析了結構性壓力、被忽視的警示信號和系統性脆弱性，這些因素加劇了 2025 年自然災害的影響。我們對不斷演變的風險格局的看法為尋求更新風險視角的保險公司提供了建議，包括許多市場中日益嚴重的可負擔性危機。”</p>
</div><p>The full report can be downloaded here.</p>
<div class="lb-trans"><p>完整報告可在此下載。</p>
</div><p><strong>About WTW</strong></p>
<div class="lb-trans"><p><strong>關於 WTW</strong></p>
</div><p>At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.</p>
<div class="lb-trans"><p>在 WTW（納斯達克代碼：WTW），我們提供以數據驅動、洞察為導向的解決方案，涵蓋人員、風險和資本領域。利用我們在 140 個國家和市場服務的同事的全球視野和地方專業知識，我們幫助組織優化戰略、增強組織韌性、激勵員工並最大化績效。</p>
</div><p>Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success - and provide perspective that moves you.</p>
<div class="lb-trans"><p>與客户肩並肩工作，我們發現可持續成功的機會——並提供推動您前進的視角。</p>
</div><p>Learn more at wtwco.com.</p>
<div class="lb-trans"><p>瞭解更多信息，請訪問 wtwco.com。</p>
</div><p><strong>Media contacts</strong></p>
<div class="lb-trans"><p><strong>媒體聯繫人</strong></p>
</div><p>Jo Barrett</p>
<div class="lb-trans"><p>喬·巴雷特</p>
</div><p>jo.barrett@wtwco.com / +44 7940703911</p>
<div class="lb-trans"><p>jo.barrett@wtwco.com / +44 7940703911</p>
</div><p>Lauren David</p>
<div class="lb-trans"><p>勞倫·大衞</p>
</div><p>lauren.david@wtwco.com / +44 7385947619</p>
<div class="lb-trans"><p>lauren.david@wtwco.com / +44 7385947619</p>
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Willis Towers Watson 警告稱，2025 年的自然災害損失不應讓市場產生虛假的安全感 | WTW 股票新聞