Insured losses from major natural catastrophes in 2019 totalled around US$53.0 billion, or 18% lower than the annual average since 2011, according to a report by Willis Re.
This continues a relative period of calm compared to 2017, when the total loss reached a peak of US$143 billion, according to the Summary of Natural Catastrophe Events 2019 published by the reinsurance arm of the global insurance brokerage and consultancy.
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