2016 natural catastrophe highest since 2012
Saturday, 02 11 2017, Category: Nature, Country: World
Insured loss estimates from major natural catastrophes in 2016 reached $39.5 billion, the highest since the annual market losses of $60 billion in 2012, according to Willis Re’s 2016 Summary of Natural Catastrophe Events report.
The increase is in contrast with the trend for loss reductions seen between 2011 and 2015, where annual insured natural catastrophe losses fell significantly from $120 billion to $23 billion.
Source: Intelligent Insurer