Global insurers lost record USD 144 billion from catastrophes in 2017

Sorin Melenciuc 10/04/2018 | 15:57

Global insured losses from catastrophes hit USD 144 billion in 2017, a record high, according to Swiss Re, quoted by Reuters.

The worst disasters were recorded last year in North America, with Hurricanes Harvey, Irma and Maria resulting in combined insured losses of USD 92 billion, or 0.5 percent of US gross domestic product (GDP), Swiss Re said.

Wildfires generated insured losses of  USD 14 billion, the most ever in one year.

Photo credit: dreamstime.com

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Sorin Melenciuc | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue