A member of the Vehibe family mourns a relative during the burial of one of the earthquake victims that struck a border region of Türkiye and Syria in Antakya, southeastern Turkey, on Saturday, Feb 11, 2023. (PHOTO / AP)

FRANKFURT — Earthquakes in Türkiye and Syria, wildfires in Hawaii and other natural catastrophes have caused an estimated $100 billion in insured losses so far in 2023, down from the previous year but still well above normal, Swiss Re estimated on Thursday.

The tally, which compares with $133 billion in 2022 and a 10-year average of $89 billion a year, is one of the first estimates by a major insurer for the year.

Swiss Re said that insured losses from severe thunderstorms were a record $60 billion, with big losses in the United States and in Europe

READ MORE: Hurricanes, floods bring $120b in insurance losses in 2022

Insurers have been raising the rates they charge as a result of increasing disasters, and in some places they have stopped providing coverage.

Swiss Re said that insured losses from severe thunderstorms were a record $60 billion, with big losses in the United States and in Europe.

Total economic losses from natural catastrophes, including those that are not insured, were an estimated $260 billion in 2023, down from $286 billion a year earlier but above the 10-year average of $223 billion.

READ MORE: Swiss Re: US storms make 2021 one of costliest years for insurers

Munich Re is due to release its annual catastrophe report in January.