News Non-Life16 Aug 2019

Only 42% of 1H2019 estimated losses from disasters were insured, says Swiss Re

With global economic losses from Nat CAT and man-made disasters in the first half of this year amounting to $44bn, only about $19bn or 42% of these losses were insured as several large-scale disaster events occurred in areas with low insurance penetration according to Swiss Re Institute's preliminary sigma estimates.

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