Swiss Re reveals £841bn shortfall in global property cover over past decade
In the past decade the total shortfall in insurance cover for global property risks was $1.3tn (£841bn) with only 30% of losses over that period covered by insurance, Swiss Re research has found.
The reinsurer said much of the underinsurance is due to global natural catastrophe risk, which has risen steadily over the past 40 years.
The research found significant property underinsurance for
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