high losses | e-Asfalistiki
Extreme flood events once again drive high losses in 2021, yet 75% of flood risks remain uninsured, Swiss Re Institute reveals
Last year, global economic losses from floods amounted to USD 82 billion, yet insured losses stood at slightly more than USD 20 billion, indicating a large protection gap. In 2021,…
Despite high losses, Munich Re achieves a result of around €0.4bn in Q3, and maintains its annual guidance for 2021
In Q3 2021, Munich Re’s result was burdened by high losses from natural catastrophes. The company estimates that windstorm Bernd, which led to flooding and flash floods in Germany and neighbouring…
