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Swiss Re: Global insured losses for 2015 constitute 40% of economic losses

's latest sigmastudy, published March 30, revealed that global insured losses from naturalcatastrophes and man-made disasters in 2015 totaled $37 billion, well below the$62 billion average of the previous 10 years.

This covered about 40% of total global economic losses.

Of the $37 billion global insured losses, $28 billion wereattributed to natural catastrophes, about the same as in 2014. There were 353 disaster eventsin 2015, 198 of which were natural catastrophes — the highest number in a year,the report noted.

Totaleconomic losses from all disasters, including both natural and man-made events,were $92 billion in 2015, compared to $113 billion in 2014.Approximately $80 billion in economic losses were caused by naturalcatastrophes, with the earthquake in Nepal causing the most damage.

Globaleconomic losses were well below the previous 10-year annual average of $192billion.

Explosionsat Tianjin port in China were the biggest insured-loss event of 2015 andbiggest man-made loss event ever in Asia, resulting in an estimated propertyloss of between $2.5 billion and $3.5 billion.