News Non-Life30 Jan 2020

Nat CAT losses declined last year, reveals Willis Re

The year 2019 saw several Nat CAT take place globally causing substantial economic losses, damage to critical infrastructure and loss of lives. However, a recent Willis Re research report found that insured losses from major Nat CAT in 2019 which totalled roughly $53bn was actually about 18% lower than the annual average since 2011.

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