Swiss Re Institute Estimates $83B Global Insured Catastrophe Losses in 2020

wildfires and smoke

Insurance industry losses from natural catastrophes and man-made disasters globally amounted to $83 billion in 2020, according to Swiss Re Institute’s preliminary sigma estimates. This makes it the fifth-costliest year for the industry since 1970. Losses were driven by a record number of severe convective storms (thunderstorms with tornadoes, floods and hail) and wildfires in… Continue reading Swiss Re Institute Estimates $83B Global Insured Catastrophe Losses in 2020