economic losses News

Swiss Re sigma Report Estimates 1st Half 2014 Insured Losses at $21 Billion

According to preliminary estimates in a sigma report from Swiss Re, total economic losses from natural catastrophes and man-made disasters reached $44 billion in the first half of 2014. The global insurance industry covered $21 billion of these losses, down …

Typhoons a Major Cause of Losses in July: Aon Benfield – Impact Forecasting

The latest edition of Aon Benfield’s Impact Forecasting’s Global Catastrophe Recap report concludes that Super Typhoon Rammasun, which made separate landfalls in the Philippines and China, caused widespread damage, killing at least 206 people and injuring hundreds more. In the …

Swiss Re Reports 2013 Disaster Losses at $130 Billion; $44 Billion Insured

According to preliminary estimates from Swiss Re’s latest sigma report, insured losses from natural catastrophes and man-made disasters in 2013 are estimated to be around $44 billion, down from $81 billion in 2012. Insured losses from natural catastrophes are at …

Catlin Launches Next Seaview Survey for Caribbean, Bermuda Coral Reefs

Catlin Group Limited announced the launch of its next “Seaview Survey,” which it described as a “significant expansion of its study of coral reefs with a new campaign in the Caribbean and Bermuda.” The survey is the latest to be …

Swiss Re Study for 2012 Losses: $77 Bn Insured; $186 Bn Economic

Swiss Re has released its latest sigma study, which found that economic losses from natural catastrophes and man-made disasters reached $186 billion in 2012. Insured losses amounted to $77 billion, making 2012 the third most costly year on record. Weather …

Aon Benfield’s 2012 Cat Review Finds 36% Rise in Insured Losses at $133 Billion

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has published its Annual Global Climate and Catastrophe Report along with the establishment of a new website, Catastrophe Insight, which, it noted, “provides 10 years of catastrophe data, …

Swiss Re Report Analyzes Rise in Flood Losses – $15 Billion and Counting

A new report from Swiss Re underscores the fact the “insured flood losses have increased from $1–2 billion in 1970 to $15 billion in 2011, which it describes as an “alarming rate” while posing “unique challenges for the industry” as …

6 Month Insured Losses at $12 Billion; Nat Cats Less Costly: Munich Re

Natural catastrophe losses were “relatively moderate” in the first six months of 2012, concludes Munich Re’s assessment for the first six months of the year. Overall global losses up to the end of June were in the order of $26 …

Aon Benfield 2011 Catastrophe Study: $107 Bn Insured Losses; $435 Bn Economic

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued its  “Annual Global Climate and Catastrophe Report,” which aggregates and analyses the natural disaster perils that occurred worldwide during 2011, which concludes that the impact of …

Allianz Asia CEO Says Thai Floods Could be Costliest Disaster in a Decade

Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a re-assessment of weather risks to industries in Asia, a senior official from global insurer Allianz said. Calculating the true cost …