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Insured global disasters down 24% in 2014 to US$34 bln; economic losses down 16% to $113 bln - sigma

Source: Asia Insurance Review | Jan 2015

According to preliminary sigma estimates, total economic losses from natural catastrophes and man-made disasters were US$113 billion in 2014, down from $135 billion in 2013. Out of the total economic losses, insurers covered $34 billion in 2014, down 24% from $45 billion in 2013. This year disaster events have claimed around 11,000 lives.

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