22 March 2018

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2017 natural catastrophes cost $135bn says Munich Re

4 January 2018

Last year's astonishing run of severe natural catastrophes is expected to cost the (re)insurance market some $135bn, according to Munich Re.

The tally broadly correlates with last month's analysis by Swiss Re, which put the (re)insured cost of nat cats for the year at $131bn.

Overall economic losses for 2017 were some $330bn, almost double the ten-year, inflation-adjusted average of $170bn, according to Munich Re. (Re)insured losses were nearly three times the ten year average of $49bn.

Hurricanes Harvey, Irma...

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