Insured catastrophe losses 31% below average in 2015
Thursday, 01 14 2016, Category: Insurance and Reinsurance, Country: World
2015’s catastrophe, natural disaster and severe weather events around the globe resulted in insurance and reinsurance industry losses of $35 billion, which is 31% below the 15 year average of $51 billion and the lowest annual insured loss since 2009.
The latest annual catastrophe report from Impact Forecasting, reinsurance broker Aon Benfield’s catastrophe modelling unit, reveals that 300 separate natural disaster events struck in 2015, which is higher than the 15 year average of 269 events.
However, while frequency of natural disaster and severe weather events is seemingly up on average, the cost is down. The 300 events caused an insurance and reinsurance industry loss of $35 billion across 2015, 31% below the $51 billion long-term average.