Global News - Munich Re: 2011 – Year of unprecedented loss
Source: Asia Insurance Review | Aug 2011
This is the highest-ever loss year, said Munich Re in a report, where the economic loss for the first half of the year stands at approximately US$265 billion, mostly stemming from the 11 March Japan earthquake. This has already exceeded the losses for 2005, which totalled $220 billion for the entire year, and is more than five times higher than the first-half loss average for the past 10 years.
Archived articles are available to Magazine subscribers only.
For Full Access to
the magazine
SUBSCRIBE here.