Total economic losses from natural and man-made catastrophes fell to around USD 140 billion in 2019 from USD 176 billion last year, according to preliminary sigma estimates from Swiss Re Institute. Global insured losses are estimated to be around USD 56 billion, down from USD 93 billion in 2018 and below the annual average (USD… Continue reading Global Catastrophes Caused $56B Insured Losses in 2019: Swiss Re
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Swiss Re Institute Estimates Global Economic Losses of $44B from Catastrophes in H1 2019
Global economic losses from natural catastrophes and man-made disasters in the first half of 2019 amounted to $44 billion, according to Swiss Re Institute’s preliminary sigma estimates. This figure is well below $109 billion, the average first-half economic losses of the previous ten years. It is also lower than the losses of $51 billion reported… Continue reading Swiss Re Institute Estimates Global Economic Losses of $44B from Catastrophes in H1 2019