September 26, 2018 by Greg Dalgetty
Swiss Re recently revealed its estimates for catastrophe losses in the first half of 2018. And, while global insured losses were down (US$20 billion in H1 2018, compared to US$30 billion in H1 2017), things could get worse during the second half of the year, with wildfires running rampant in California, British Columbia and Greece, and widespread drought in Europe and Australia. Here’s a look at some of the cat numbers from the first half of 2018 (all figures in U.S. dollars).
Total insured losses from global disasters in H1 2018
Insured losses from natural disasters
Insured losses from manmade disasters
Insured losses from Winter Storm Friederike, which struck Germany and the Netherlands, and also affected France, Belgium and the U.K.
Insured losses from winter storms in the U.S., including $1.6 billion from a nor’easter in March
Percentage of global economic losses in the first half of 2018 that were insured
Source: Swiss Re
Copyright © 2018 Transcontinental Media G.P. This article first appeared in the August edition of Canadian Insurance Top Broker magazine
This story was originally published by Canadian Insurance Top Broker.