25 April 2017

Search archive

Munich Re: market weathers $50bn nat cat bill in 2016

4 January 2017

Insured natural catastrophe losses totalling $50bn were driven by a series of devastating earthquakes and powerful storms during 2016, according to Munich Re.

In a report released today (4 January) the reinsurer said 2016 was the costliest year for nat cat losses since 2012, with economic losses totalling $175bn - two-thirds higher than 2015 and close to the 2012 total of $180bn.

Both overall and insured losses for 2016 exceeded the inflation-adjusted 10-year average amounts, at $154bn and $45.1bn respectively...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2017. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π