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22 May 2018 description
report Swiss Re

Every year natural and man-made catastrophes cause a distressing loss of lives and considerable economic costs around the world. Both industrialised and developing countries are affected. Surprisingly, both are also materially underinsured.

This financing gap is borne largely by the public sector, and may create long-term fiscal instability at a time when government budgets are stretched. Furthermore rating agencies are starting to take a closer look at such contingent liabilities faced by public administrations.

22 May 2018 description
report Swiss Re

Since 1980, nine countries in Central America and the Caribbean have had at least half of their annual gross domestic product (GDP) wiped out by a natural catastrophe. The 2010 earthquake in Haiti had an estimated impact of 120% of GDP.

Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC)

Established:
2007

Insured perils:
Tropical cyclone, earthquake, excess rainfall

Insurance instrument:
Parametric insurance

Trigger:
Modelled loss

18 Aug 2016 description
report Swiss Re
  • Total economic losses from disaster events in H1 2016 rise by 38% to USD 71 billion, primarily due to natural catastrophe
  • Insured losses from both natural and man-made catastrophes rise by 51% to USD 31 billion in H1 2016
  • Earthquakes in Japan, thunderstorms in the US and Europe, and wildfires in Canada cause largest insured losses
  • As many as 6 000 lives lost in disaster events in H1 2016, compared to 12 000 in the same period of the previous year

Preliminary sigma estimates show total economic losses from natural catastrophes and …

30 Mar 2016 description
report Swiss Re
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Press release
file preview
SIGMA 01/2016

Global insured losses from disasters reach USD 37 billion in 2015; Tianjin explosions cause biggest insured loss, Swiss Re sigma study says

30 MARCH 2016, ZURICH

  • Global insured losses from natural catastrophes and man-made disasters were USD 37 billion in 2015, below the USD 62 billion annual average of the last 10 years

  • This only covered about 40% of total global economic losses

07 Apr 2014 description
report Swiss Re

Executive summary

In 2013, there were 308 disaster events, of which 150 were natural catastrophes and 158 man-made. Almost 26 000 people lost their lives or went missing in the disasters.

18 Dec 2013 description
report Swiss Re
  • Total economic losses from disasters reached USD 130 billion in 2013 worldwide
  • Insured global losses from natural catastrophes and man-made disasters totalled USD 44 billion, with flooding a major driver
18 Sep 2013 description
report Swiss Re

The world's sprawling cities are centres of economic activity and growth. But when a natural disaster hits a densely populated area, the effects can be catastrophic. A new Swiss Re study looks at the human and economic risks faced by urban communities around the globe.

05 Sep 2012 description
report Swiss Re
  • Swiss Re flood publication finds that insured flood losses have increased from USD 1–2 billion in 1970 to USD 15 billion in 2011
  • Industry facing challenges in maintaining insurability for floods
  • Global manufacturing hubs revealed as potential hot spots for flood losses
  • Swiss Re launches flood app with interactive content on flood risks
16 Jan 2012 description
report Swiss Re

17 January 2012, Zurich

Much of the world is still vastly underinsured against earthquake risk, study finds - Underinsurance often due to low risk awareness in earthquake-prone areas - Earthquake models should consider secondary-loss factors more comprehensively

01 Jan 2003 description
report Swiss Re

Reporting on developments and relevant issues concerning catastrophe insurance in the year 2002, this document contains information on the following:

- Summary of events and trends
- Catastrophes in 2002
- Floods - a growing challenge
- Tables for reporting year 2002
- Tables on the major losses 1970 - 2002

The information is based on newspapers, direct insurance and reinsurance periodicals, specialist publications, and reports from insurers and reinsurers.

19 Dec 2002 description
report Swiss Re


19 000 people world wide were killed by natural and man-made catastrophes in 2002, according to a preliminary estimate from Swiss Re's sigma report. Beyond the human cost, financial losses from major events are estimated at USD 40 billion, of which the insurance industry is liable for around USD 12 billion. After the extraordinary losses of 2001, financial losses resulting from catastrophes returned to more average levels in 2002. However, as the European floods show, large losses remain a real threat.

01 Jan 2002 description
report Swiss Re

Reporting on developments and relevant issues concerning catastrophe insurance in the year 2002, this document contains information on the following:

- Summary of events and trends
- Natural disasters: Risk diversification by reinsurers and investors
- Terrorism: Dealing with this new dimension of risk
- Tables for reporting year 2001
- Tables on major losses 1970 - 2001

The information is based on newspapers, direct insurance and reinsurance periodicals, specialist publications, and reports from insurers and reinsurers.