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Swiss Re Institute estimates USD 83 billion global insured catastrophe losses in 2020, the fifth-costliest on record

Recurso electrónico / Electronic resource
Registro MARC
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1001 ‎$0‎MAPA20120006751‎$a‎Bevere, Lucia
24510‎$a‎Swiss Re Institute estimates USD 83 billion global insured catastrophe losses in 2020, the fifth-costliest on record‎$c‎Lucia Bevere, Thomas Holzheu, Irina Fan
260  ‎$a‎Zurich‎$b‎Swiss Re Institute‎$c‎2020
300  ‎$a‎3 p.
520  ‎$a‎Insurance industry losses from natural catastrophes and man-made disasters globally amounted to USD 83 billion in 2020, according to Swiss Re Institute's preliminary sigma estimates. This makes it the fifth-costliest year for the industry since 1970. Losses were driven by a record number of severe convective storms (thunderstorms with tornadoes, floods and hail) and wildfires in the US. These and other secondary peril events around the world accounted for 70% of the USD 76 billion insured losses from natural catastrophes.1 A very active North Atlantic hurricane season triggered an additional USD 20 billion of insurance claims, moderate compared to the record seasons of 2005 and 2017. The insurance industry covered 45% of global economic losses in 2020, above the ten-year-average of 37%
650 4‎$0‎MAPA20080548575‎$a‎Pérdidas
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7001 ‎$0‎MAPA20080134648‎$a‎Holzheu, Thomas
7001 ‎$0‎MAPA20120024564‎$a‎Fan, Irina
7102 ‎$0‎MAPA20170013402‎$a‎Swiss Re Institute