Magazine date:
Dec 2015 According to Sigma report, published on 18 December 2015, the overall economic losses related to natural disasters in 2015 amounted to 85 billion USD, down by 24% from 2014. The insured losses represent 27.2% of the total that is 32 billion USD, down by 11% compared to the previous year.
Insured losses are nevertheless experiencing contrasting developments. Those due to natural disasters are decreasing while those of human origin are rising and standing at 9 billion USD against 7 billion USD in 2014.
As a reminder, the explosion which occurred last August in the Chinese port city of Tianjin, alone, cost 2 billion USD to insurers.