Natural disasters, inflation upped insurers’ costs in 2022: Swiss Re ...Middle East

Daily Sun - News

ZURICH: Natural disasters increased insurers' costs in 2022, with inflation pushing up the bill even more, reinsurer Swiss Re said Wednesday, warning of likely further rises in the future due to climate change.Economic losses caused by natural disasters amounted to $275 billion in 2022, down 5.8 percent compared to the $303 billion in 2021, said the Zurich-based group, which acts as an insurer for insurers.But of those losses, $125 billion were covered by insurance -- up 3.3 percent on 2021 -- making it the second consecutive year in which insured losses from natural catastrophes topped the $100 billion mark, Swiss Re said.“The magnitude of losses in 2022 is not a story of exceptional natura

Hence then, the article about natural disasters inflation upped insurers costs in 2022 swiss re was published today ( Wednesday 22/03/2023 - 02:37 PM ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Natural disasters, inflation upped insurers’ costs in 2022: Swiss Re )

Last updated : 22 March 2023 clock 02:37 PM

Also on site :

Natural disasters, inflation upped insurers’ costs in 2022: Swiss Re ...Middle East

Russian Forces Inflict Heavy Losses on Kyiv Forces on Several Fronts

The Last Of Us casts Bridgerton and Star Wars: Skeleton Crew actors as Yara and Lev for season 3

Markets drop as gas prices, mortgage rates rise

Miami Open 2026 tennis order of play and TV coverage – Saturday 21 March

How The Big Bang Theory Filmed Howard Floating In Outer Space

Nicholas Brendon, ‘Buffy the Vampire Slayer’ Actor, Dead at 54

Five Below's Vintage-Style Jars Are a Trinket Collector's Dream Come True

UConn’s Dan Hurley Shares Silas Demary Jr. Injury Update After Win

Saudi Arabia and Egypt sign mutual visa waiver agreement for specific passport holders

CENTCOM: 8,000 Iranian targets hit as combat capacity declines

Trump thinks he’s funny. But his jokes will bite him on the a**e

Reeves warned not to raise taxes to protect UK from Iran war economic shock

Khatam al-Anbiya Headquarters: Continued War Will Increase Destruction of Enemy Bases

BTS returns with comeback concert in Seoul after 4-year hiatus

Science news this week: Super El Niño looms, an Acropolis marble fragment resurfaces, and a pure hexagonal diamond is born