Swiss Re said natural and man-made disasters would cost the insurance industry about $79bn in this year , the first highest loss in its records. It said most of the cost, about $79bn , would come from natural disasters. It estimated total economic losses from catastrophes would be $155m , again with natural disasters taking the largest share at $ about $79bn . Swiss Re said no single event had caused any significant impact but most of the events, including California hurricanes, Japanese typhoons and the California wildfires, had been in H2 .
Swiss Re said natural and man-made disasters would cost the insurance industry about $79bn in 2018, the fourth highest loss in its records. It said most of the cost, about $71bn, would come from natural disasters. It estimated total economic losses from catastrophes would be $155m, again with natural disasters taking the largest share at $146bn. Swiss Re said no single event had caused any significant impact but most of the events, including US hurricanes, Japanese typhoons and the California wildfires, had been in H2.