The average annual insured loss from catastrophes is about US$86 billion globally, according to a new report from catastrophe modelling firm AIR Worldwide.
The firm recently released its “2018 Global Modelled Catastrophe Losses” report, which details key loss metrics from AIR’s global industry exceedance probability (EP) curve. Based on the report’s findings, AIR estimated that the 1% aggregate exceedance probability insured loss (or the 100-year return period loss) from catastrophes worldwide is almost US$271 billion.
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