Insurance cost of extreme weather events identified by the Insurance Council of New Zealand

1975–2014, NZD millions

Year	Measure	NZD millions
1975	Original insurance cost for extreme weather events	7
1975	Inflation-adjusted insurance cost for extreme weather events	62.41
1976	Original insurance cost for extreme weather events	6.2
1976	Inflation-adjusted insurance cost for extreme weather events	47.55
1977	Original insurance cost for extreme weather events	0
1977	Inflation-adjusted insurance cost for extreme weather events	0
1978	Original insurance cost for extreme weather events	10.3
1978	Inflation-adjusted insurance cost for extreme weather events	59.94
1979	Original insurance cost for extreme weather events	0
1979	Inflation-adjusted insurance cost for extreme weather events	0
1980	Original insurance cost for extreme weather events	11.3
1980	Inflation-adjusted insurance cost for extreme weather events	52.17
1981	Original insurance cost for extreme weather events	9
1981	Inflation-adjusted insurance cost for extreme weather events	36.82
1982	Original insurance cost for extreme weather events	0
1982	Inflation-adjusted insurance cost for extreme weather events	0
1983	Original insurance cost for extreme weather events	5.8
1983	Inflation-adjusted insurance cost for extreme weather events	17.98
1984	Original insurance cost for extreme weather events	51.1
1984	Inflation-adjusted insurance cost for extreme weather events	155.2
1985	Original insurance cost for extreme weather events	5.3
1985	Inflation-adjusted insurance cost for extreme weather events	13.46
1986	Original insurance cost for extreme weather events	19.3
1986	Inflation-adjusted insurance cost for extreme weather events	45.72
1987	Original insurance cost for extreme weather events	0
1987	Inflation-adjusted insurance cost for extreme weather events	0
1988	Original insurance cost for extreme weather events	56.1
1988	Inflation-adjusted insurance cost for extreme weather events	102.67
1989	Original insurance cost for extreme weather events	0
1989	Inflation-adjusted insurance cost for extreme weather events	0
1990	Original insurance cost for extreme weather events	1.8
1990	Inflation-adjusted insurance cost for extreme weather events	2.9
1991	Original insurance cost for extreme weather events	3.1
1991	Inflation-adjusted insurance cost for extreme weather events	4.89
1992	Original insurance cost for extreme weather events	8.1
1992	Inflation-adjusted insurance cost for extreme weather events	12.59
1993	Original insurance cost for extreme weather events	7.6
1993	Inflation-adjusted insurance cost for extreme weather events	11.61
1994	Original insurance cost for extreme weather events	18.3
1994	Inflation-adjusted insurance cost for extreme weather events	27.7
1995	Original insurance cost for extreme weather events	12.6
1995	Inflation-adjusted insurance cost for extreme weather events	18.35
1996	Original insurance cost for extreme weather events	11.8
1996	Inflation-adjusted insurance cost for extreme weather events	16.76
1997	Original insurance cost for extreme weather events	14.4
1997	Inflation-adjusted insurance cost for extreme weather events	20.24
1998	Original insurance cost for extreme weather events	25
1998	Inflation-adjusted insurance cost for extreme weather events	34.63
1999	Original insurance cost for extreme weather events	55.5
1999	Inflation-adjusted insurance cost for extreme weather events	76.93
2000	Original insurance cost for extreme weather events	23.1
2000	Inflation-adjusted insurance cost for extreme weather events	31.27
2001	Original insurance cost for extreme weather events	2.6
2001	Inflation-adjusted insurance cost for extreme weather events	3.45
2002	Original insurance cost for extreme weather events	25.65
2002	Inflation-adjusted insurance cost for extreme weather events	33.11
2003	Original insurance cost for extreme weather events	3.3
2003	Inflation-adjusted insurance cost for extreme weather events	4.17
2004	Original insurance cost for extreme weather events	145.15
2004	Inflation-adjusted insurance cost for extreme weather events	181.03
2005	Original insurance cost for extreme weather events	31.9
2005	Inflation-adjusted insurance cost for extreme weather events	38.78
2006	Original insurance cost for extreme weather events	50.4
2006	Inflation-adjusted insurance cost for extreme weather events	58.51
2007	Original insurance cost for extreme weather events	95.3
2007	Inflation-adjusted insurance cost for extreme weather events	108.25
2008	Original insurance cost for extreme weather events	86.03
2008	Inflation-adjusted insurance cost for extreme weather events	93.36
2009	Original insurance cost for extreme weather events	4.5075
2009	Inflation-adjusted insurance cost for extreme weather events	4.83
2010	Original insurance cost for extreme weather events	68.75
2010	Inflation-adjusted insurance cost for extreme weather events	71.97
2011	Original insurance cost for extreme weather events	57.5
2011	Inflation-adjusted insurance cost for extreme weather events	58.01
2012	Original insurance cost for extreme weather events	8.7
2012	Inflation-adjusted insurance cost for extreme weather events	None
2013	Original insurance cost for extreme weather events	175.3
2013	Inflation-adjusted insurance cost for extreme weather events	None
2014	Original insurance cost for extreme weather events	145.79
2014	Inflation-adjusted insurance cost for extreme weather events	None

Limitations of the data

ICNZ also provides data adjusted for inflation but using the consumers price index only.
These data represent only the insurance costs – the total costs of events will be much larger.

Data provided by

Ministry for the Environment

Dataset name

Environmental Reporting: Number of extreme weather events identified by ICNZ 1975–2014

Webpage:

https://data.mfe.govt.nz/table/2586-number-of-extreme-weather-events-identified-by-icnz-19752014/data/

How to find the data

At URL provided, select 'Download' from the top right of the screen. You will have to register to download this dataset. Figure.NZ created a summary sheet for processing purposes.

Import & extraction details

File as imported: Environmental Reporting: Number of extreme weather events identified by ICNZ 1975–2014

From the dataset Environmental Reporting: Number of extreme weather events identified by ICNZ 1975–2014, this data was extracted:

Sheet: Summary
Range: B4:D43
Provided: 120 data points

This data forms the table Climate - Number of extreme weather events identified by ICNZ 1975–2014.

Dataset originally released on:

October 02, 2015

Purpose of collection

This dataset relates to the "Insurance losses for extreme weather events" measure on the Environmental Indicators, Te taiao Aotearoa website.

Method of collection/Data provider

The Insurance Council of New Zealand (ICNZ) collects data on natural disasters in New Zealand. This includes, but is not restricted to, the occurrence and costs of selected expensive extreme weather events. Floods, tornadoes, and snowstorms are a few examples of extreme weather events. However, some events can be severe (eg damaging storms) but not statistically extreme. The source included only events from the ICNZ dataset where a weather event is noted.
When ICNZ considers a natural disaster event extreme enough, it requests information on insurance losses from its member insurance companies. Alternatively, members may prompt the ICNZ to record data on a natural disaster event. The ICNZ requires all its members to provide their insurance losses for that event.
The main insurance classes affected are domestic home and contents, commercial material damage, and business interruption. Insurance losses can also be influenced by other factors, such as the extent of insurance cover.

Insurance cost of extreme weather events identified by the Insurance Council of New Zealand

1975–2014, NZD millions

About this data

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