Category:

Disaster & Management

Global Nat Cat economic losses reach $77 Billion in Q1 2023, the highest Q1 total in 12 years, Gallagher Re

Public and private insurance entities covered at least an estimated $22B of that total, resulting in a 72% or $55B protection gap, the portion of the economic loss not covered by insurance The February earthquake sequence in Turkey and Syria accounted for an estimated...

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Global insured losses from natural catastrophes break through USD 100 billion threshold again in 2022: Swiss Re

Global insured losses from natural catastrophes break through USD 100 billion threshold again in 2022: Swiss Re

This reaffirms the trend of a 5–7% average annual increase in insured losses over the past three decades, reveals Swiss Re’s latest sigma report "The magnitude of losses in 2022 is not a story of exceptional natural hazards, but rather a picture of growing property...

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