Natural And Man-Made Disasters Cost Insurers $34 Billion in 2014

Wednesday, December 17th, 2014 Auto Catastrophe Property

At US$34 billion, estimated insured losses from natural catastrophes and man-made disasters in 2014 were still high, despite being well below recent annual averages and being significantly below the US$45 billion tab for 2013, note preliminary estimates from Swiss Re’s sigma.Sigma figures released Wednesday show that of the US$34 billion in estimated insured losses in 2014, US$29 billion were triggered by natural catastrophe events compared with US$37 billion in 2013, notes a statement from Swiss Re, a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer.


External References & Further Reading
http://www.canadianunderwriter.ca/news/global-disaster-events-cost-insurers-34-billion-in-2014-swiss-re/1003399526/?&er=NA
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