Insured losses covered only 40 percent of the world’s total economic losses from all disasters, including natural and man-made events, according to Swiss Re’s sigma study released Wednesday.
Global insured losses totaled $37 billion in 2015, well below the previous 10-year average of $62 billion.
Read more at http://www.advisenltd.com/2016/04/04/catastrophes-cost-insurers-37-billion-in-2015-swiss-re/
Josh Bradford, Catastrophes cost insurers $37 billion in 2015: Swiss Re (April 4, 2016), available with subscription at Advisen Professional Front Page News.
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