Cost of natural disasters

Raraunga Maakete

New Zealand has experienced more than 150 severe weather events and natural
disasters since ICNZ began keeping records in 1968.

Natural hazards cost New Zealanders millions of dollars. Fortunately, New Zealand property is extremely well insured compared to other countries, which means the insurance industry bears most of the costs when disaster strikes.

The table below lists natural disasters that have occurred in New Zealand since 1968, and the cost to the insurance industry in paying claims for damage resulting from those events. This table has been updated with inflation-adjusted costs, as at 30 June 2023. The costs are exclusive of GST.

Cost Of Natural Disasters Table (NZ)

Cyclone Gabrielle, 11 – 17 Feb 2023
Regional breakdown of claims and costs to 1 Dec 2023
Category Claims Value
House 25,764 667,939,596
Contents 11,659 124,488,620
Business 11,821 803,649,493
Marine 219 5,478,695
Motor Vehicle 7,192 111,444,128
Crops 69 643,766
Other 508 18,972,644
TOTAL 57,232 1,732,616,941
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