News Risk Management15 Jan 2020

US risk modeler predicts $110bn in NatCAT losses for 2020

| 15 Jan 2020

Recent (re)insurance renewals were difficult for some: apparently some entities alleged no indication for improvement this year. However, US-based risk modelling and forecasting company AbsoluteClimo expects improvement with below normal risk direction for 2020, with global total losses most likely to meet or exceed $110bn USD and a probability range from $80bn to $164bn - notably better than 2017, 2018 and 2019.

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