Global Insured Losses From Disasters at $79 Billion in 2018 Swiss Re Sigma Estimate

According to preliminary sigma estimates from Swiss Re, total economic losses from natural and man-made catastrophes in 2018 declined to USD $155 billion from USD $350 billion in 2017. Global insured losses are estimated to be around USD $79 billion, higher than the annual average of the previous 10 years.

According to the preliminary report, there have been a number of smaller and mid-sized loss-generating disaster events across all regions of the globe this year, also affecting regions with well-established insurance cover. Together, these have made 2018 the fourth costliest year in 50 years of sigma records in terms of losses covered by the insurance industry…… CLICK HERE