UK nat cat insured losses up to $800m in 2022, says Swiss Re

Reinsurer increases global estimate to $115bn

Insured nat cat losses in the UK stood at $800m last year, up from $700m in 2021, with economic losses unchanged at $900m, according to Swiss Re’s latest sigma report.

This means the UK insurance protection gap, the difference between total and insured losses, was 17% in 2022, down from 24% a yea...

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