22 April 2018

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Man-made insured losses fell to $7bn in 2016: Swiss Re

15 December 2016

Insured losses from man-made disasters fell significantly in 2016 to some $7bn, (2015: $9bn), according to preliminary estimates from Swiss Re's Sigma unit.

The costliest catastrophe for (re)insurers this year was the April earthquake that struck the Kumamoto prefecture in Japan, which produced insured losses of $5bn, Sigma stated, while Hurricane Matthew was behind with claims of over $4bn.

There were a number of severe weather events in the US in 2016, including a series of severe hail and thunder...

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