Highest ever global insured losses in 2017, says Swiss Re sigma report

Hurricane Irma

Global insured losses from catastrophe events in 2017 stand at $144bn, the highest ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. Hurricanes Harvey, Irma and Maria (HIM) resulted in combined insured losses of $92bn, equivalent to 0.5% of US gross domestic product in 2017. As a result, 2017 was the second-costliest…

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