Despite being a relatively “quiet” year with the lowest global insured catastrophe losses since 2009 at approximately $30.5 billion, 2015 featured some of the highest-profile disasters in recent memory, including the Paris terrorist attacks, the Nepal earthquake, explosions at the Chinese port of Tianjin, aviation accidents, and the strongest El Niño period in recorded history, according to Guy Carpenter’s GC Analytics annual catastrophe review.
The Tianjin explosions last August caused estimated insured losses ranging from $1.6 billion up to $3.3 billion, in an event that caused a significant loss of life and the effects of which are still being measured.
Read more at http://www.advisenltd.com/2016/03/28/catastrophe-losses-in-2015-estimated-at-30-5b-guy-carpenter-reports/
Erin Ayers, Catastrophe losses in 2015 estimated at $30.5B, Guy Carpenter reports (March 28, 2016), available with subscription at Advisen Professional Front Page News.
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