Economic losses from global catastrophes fell in 2019, according to estimates from Swiss Re.
According to preliminary figures from the global reinsurer, total economic losses from natural and man-made disasters this year stand at around $140 billion, down from $176 billion in 2018. Meanwhile, global insured losses are estimated to be around $56 billion, down from $93 billion in 2018 and below the annual average ($75 billion) of the previous 10 years.
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.