Swiss Re puts 2020 insured losses up 41% at $89bn
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Swiss Re puts 2020 insured losses up 41% at $89bn

Rachel Dalton
30 March 2021
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Swiss Re’s latest Sigma report has revealed that global insured losses last year rose 41% to $89bn, making 2020 the fifth-costliest year since the carrier’s records began in 1970.

The figure compares with $63bn in 2019 and a 10-year average of $79bn.

Natural catastrophes caused global economic losses of $190bn, of which $81bn were insured.

Notably,

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News Weather Swiss Re Re/insurers Hurricane Catastrophe losses
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Rachel Dalton
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