Zurich: Natural shocking and extreme weather events caused damage to around $ 250 billion this year, an increase of 24 percent compared to the previous year, the world’s largest reinsurance re, estimated on Tuesday.
For the insurance industry, “extreme weather events …
including deep winter freezing, flooding, severe storms, heat waves and major storms, producing annual insurable losses from natural disasters estimated at $ 105 billion, the highest since 1970,” Switzerland returned say in a statement.
In fact, insured losses from natural disasters this year “again exceeded the average of 10 years earlier, continuing the trend of 5-6 percent annual losses seen in the past few decades,” said the reinsurance giant.
The two most expensive natural natural disasters this year are both recorded in the United States, said Swiss Re said.
Ida storm brings $ 30-32 billion in an estimated insured damage, including flooding in New York.
And the winter storm URI – which carries very cold and heavy snow which causes the failure of the electricity network in Texas – causing insured losses of $ 15 billion.
The most expensive event in Europe is flooding in Germany, Belgium and the closest countries in July, which caused $ 40 billion in economic losses and $ 13 billion in insured losses, Switzerland was calculated again.
In addition to natural disaster, man-made disaster caused economic losses of $ 9.0 billion, a decline of 38 percent from the previous year, and $ 7.0 billion in insured losses, down 24 percent year-on-year, Swiss said.