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December 19, 2013

Man-made Disasters and 2013

Just $6 billion of the $44 billion in estimated insured global losses arising from catastrophes in 2013 were generated by man-made disasters, little changed from 2012, according to Swiss Re sigma preliminary estimates.

But as an article on the Lloyd’s website reports, even though natural catastrophes may have dominated the news headlines in 2013, a series of man-made disasters have had a significant impact on a number of communities.

In fact around 5,000 lives were lost as a result of man-made disasters in 2013, according to Swiss Re sigma estimates.

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http://www.iii.org/insuranceindustryblog/?p=3477