Insurers will be counting the costs incurred by severe weather in the US and other parts of the world in July.

Prolonged rainfall resulted in economic damage estimated at $10 million in China during the month.

While in Turkey, insurers are braced for anticipated claims payouts of $440 million after powerful thunderstorms brought large hail and flooding to the Istanbul metro region.

Extreme heat and drought conditions led to wildfires in the US, Canada and Europe.

In Italy, a prolonged drought has caused estimated economic losses of $2.3 billion, with the production of vegetables, fruits, cereals, vines and olives hit by the long dry spell.

In China, a near-stationary weather front brought relentless rain across central and eastern parts of the county, leaving almost 200 people dead or missing and damaging or destroying hundreds of thousands of homes.

While in the US, public and private insurers face payouts in the hundreds of millions in relation to severe weather and flooding in the west and central areas of the country, Illinois and the Ohio valley.

Tropical Storm Emily, which struck Florida on the last day of July, caused some coastal flooding, but the damage was relatively minor.

A round-up of the catastrophe losses is featured in the latest Global Catastrophe Recap report from Aon Benfield’s Impact Forecasting team.

Claire Darbinyan, Impact Forecasting associate director and meteorologist, said: “There was no shortage of global natural disasters during July, though the vast majority were reported in Asia where enhanced seasonal monsoon rainfall over China and throughout South Asia led to significant flooding that caused considerable loss of life, and billions of dollars of damage to property and agriculture.

“In addition, three tropical cyclones in the region enhanced the monsoonal flow to trigger further flooding in multiple countries. Given low levels of insurance penetration in the region, the majority of these losses are expected to be uninsured, highlighting the considerable protection gap and the potential for re/insurers to further offer their specialist risk management skills.”