$27bn of global insured cat losses in H1
Wednesday, 07 13 2016, Category: Insurance and Reinsurance, Country: World
Global reinsurer Munich Re has revealed that global, total losses from catastrophe events in the first-half of 2016 amounted to $70 billion, of which $27 billion was insured. Both overall and insured losses were above the inflation-adjusted average for the last 30 years, says Munich Re.
Losses from natural disasters across the globe in the first six months of 2016 increased significantly when compared with the previous year, rising from $59 billion of which $19 billion were insured, to the $70/$27 billion split reported in 2016, according to reinsurance giant Munich Re.