Global economic losses of $42 billion and insured losses of $17 billion to the end of June were considerably below the average for the past 10 years, according to Munich Re’s 2014 Half-Year Natural Catastrophe Review. However, winter did hit hard.
The effect of loss susceptibility on claims was clearly demonstrated by two snowstorms in Japan. These storms in February, which hit Tokyo and central Japan in particular, brought insured losses of more than $2.5 billion, and were the most costly natural catastrophe worldwide in the first half of the year.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access