News - Asia: Insurers’ catastrophe losses in 2009 only half that of 2008
Source: Asia Insurance Review | Jan 2010
In 2009, natural catastrophes will cost worldwide insurers roughly US$21billion, with man-made disasters triggering additional claims of about US$3 billion, said Swiss Re. This is much lower than the 2008 total insured losses of over US$50 billion. The lower figure for 2009 was the result of the calm US hurricane season, said the reinsurer.
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