Back in December, reinsurance heavyweight Swiss Re published estimates for total economic losses and insured losses worldwide from 2017’s disaster events – now final numbers are out and they paint an even worse picture of the year that was.
From the preliminary figure of US$306 billion for total economic losses from natural and man-made disasters, we see a jump to US$337 billion – a near doubling of 2016’s total losses of US$188 billion. As for global insured losses from catastrophes, the value reached US$144 billion, which is also higher than the December estimate of US$136 billion.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.