News Risk Management31 Mar 2021

Insured natural catastrophe losses in 2020 cost $81bn

| 31 Mar 2021

The year 2020 was the fifth costliest year since 1970 with global insured losses totalling up to $89bn. According to The Sigma Natural catastrophes in 2020 published by Swiss Re Institute on 30 March 2021. Sigma puts the global economic losses caused by natural catastrophes in 2020 at $190bn of which the insurance industry covered $81bn.

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