Munich Re put global costs at $175 billion and called the level "mid-range." The jump comes after three years of comparatively modest damage.
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Last year was a costly year for natural disaster damage around the world, according to Munich Re, one of the world's leading reinsurance companies.
The German-based company put global losses at $175 billion (168 billion euros) in 2016 - making it the costliest year since 2012, when the company reported $180 billion worth of losses worldwide. The company's global survey reports that only $50 billion worth of damage was covered by insurance last year.
While 2016 saw a 66 percent increase in the financial impact of natural disasters around the world the number of casualties was greatly reduced. There were 8,700 deaths in 2016, compared to 25,400 in 2015. The company describes the property damage for 2016 as "mid-range," and a considerable increase after three years of relatively low-level costs.
While many individuals, companies and government may well lament not having had insurance this past year, Munich Re has a manifest financial interest in having more people and firms buy insurance.
Natural disasters as seen from outer space
How do satellites see the Earth? And what do they find out about what's happening down here? Check out these impressive photos of natural disasters to discover for yourself.
Image: NASA
Only tears of sand remain
Earth observation satellites such as the European Space Agency's Proba-V collect daily images that allow for the tracking of environmental changes over time. The images above - taken in April 2014, July 2015 and January 2016 (left to right) - offer crystal-clear insight into the gradual evaporation of Lake Poopo, once Bolivia's second largest lake - due at least in part to climate change.
Image: ESA/Belspo
The beast has awoken
No matter how long volcanoes sleep, they're always in a bad mood when they wake up. The International Space Station was passing overhead when the Sarychev volcano, located in the Kuril Islands of Russia, erupted in 2009. Astronauts were able to snap a picture through a hole in the clouds. From dense ash to clouds of condensed water, virtually all natural phenomena can be examined from outer space.
Image: NASA
Don't play with fire
Every year, wildfires devastate the landscape - and ecology - in numerous countries around the world. Too often, these are caused by humans. This was also the case in Indonesia, where farmers burned peat rainforest areas for agriculture. On the island of Borneo and Sumatra, satellites detected fire hot spots in September 2015, and the plume of grey smoke that triggered air quality alerts.
Image: NASA/J. Schmaltz
German kids misbehaved
In Germany, parents warn their children that if they don't finish their meals, it's going to rain. And indeed, in 2013 it rained, so much that some of central Europe's major rivers overflowed their banks. As shown in this image from 2013, the Elbe burst its banks following unprecedented rainfall. In the photo, muddy water covers the area around Wittenberg, in the German state of Saxony-Anhalt.
Image: NASA/J. Allen
At the eye of the hurricane
A strong storm can cause irreparable damage through intense winds and storm surges from the sea. Space-based information is crucial in following development of such storms: intensity, the direction it's moving, wind speed … in the eastern Pacific Ocean near Mexico, this satellite image helped determine how tropical storm Sandra reached winds of 160 kilometers per hour by November 25, 2015.
Image: NASA/J. Schmaltz
Melting away from under us
Satellites also play a key role in monitoring climate change and, inevitably, the process of melting ice. From space, scientists were able to document how several glaciers around the globe have receded - as well as the subsequent rise in sea level. This photograph, taken from the International Space Station, shows the retreat of the Upsala glacier in Argentine Patagonia from 2002 to 2013.
Image: NASA
Hold your breath!
Dust often covers remote deserts - however, in September 2015, satellites offered this impressive view of Middle East areas enveloped by a dust storm, or haboob, affecting large populated regions. What satellites can observe from space supports air quality sensors on the ground to understand patterns on how the storms start and develop. These findings can improve forecasting methods.
Image: NASA/J. Schmaltz
'Naked mountain'
These are the words NASA used to describe the lack of snow on California's Mount Shasta, a crucial source of water for the region. Images documenting drought over the past years have consistently been showing brown mountains that should be white, and bare earth where people seek water. As ice melts, drought grows.