ZURICH Disasters price tag insurers $fifty four billion in 2016 and designed complete economic losses of $175 billion, reinsurer Swiss Re reported in a revised review on Tuesday.
“The losses in 2016 – both economic and insured – were the highest given that 2012 and reversed the downtrend of the very last 4 a long time,” the world’s second-biggest reinsurer reported.
The group reported pure catastrophes and male-created disasters claimed 11,000 lives very last year.
The figures showed an improve on preliminary estimates furnished by the group in mid-December, which put economical losses higher than $158 billion and insured losses at $49 billion at the very least.
In its yearly pure disaster critique launched in early January, Munich Re reported insurers paid out out around $fifty billion for pure disaster claims very last year.
(Reporting by Brenna Hughes Neghaiwi Editing by Michael Shields)