In 2023, the estimated total economic costs of direct physical damage and net-loss business interruption from global natural perils was $357 billion. The private insurance market and public insurance entities covered an estimated $123 billion of that total.
Tag: Gallagher Re report
Global InsurTech Funding Dropped in 2022
According to the fourth quarter 2022 Gallagher Re Global InsurTech Report, global insurtech funding fell during the fourth quarter of last year to its lowest level since the first quarter of 2020.