Insurance Post

2011 nat-cat insured losses reach $108bn

Cyclist riding through flooded road

Total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached $108bn (€83bn)in 2011 according to Swiss Re.

Insurered losses are more that double the figure of $48bn in 2010.

2011 saw the highest catastrophe-related economic losses in history at $350bn. It would have been the costliest year on record for

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