Swiss Re highlights growing risk posed by secondary perils

The catastrophe loss experience of the last two years is a wake-up call for the insurance industry, according to Swiss Re, noting that the combined insured natural catastrophe losses for 2017-2018 of $219bn is the highest ever over a two-year period. Swiss Re pointed out that more than 60% of the losses resulted from so-called “secondary” perils, which are small…

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