Global insured losses for 2017 estimated at US$135 billion: Munich Re

Jan 2018

According to Canadian Insurance Top Broker, “Munich Re estimates that global insured losses for 2017 will total US$135 billion, due in large part to hurricanes Harvey, Irma and Maria, and the earthquake in Mexico. Total losses for the year are estimated to be US$330 billion—the second highest year on record. “This year’s extreme natural catastrophes show how important insurance is in absorbing financial losses in the wake of such disasters,” Munich Re board member Torsten Jeworrek said in a news release.” [Read More].