According to the firm the year was exceptional in terms of fatalities and losses. And the reinsurer noted statistics confirming a trend toward an increase in the number and costs of natural catastrophes and man-made disasters.
Swiss Re's latest sigma study, "Natural catastrophes and man-made disasters in 2008," said there were 137 natural catastrophes and 174 man-made disasters which occurred in 2008.
In terms of lives lost, the firm said Asia suffered the most, while the United States was worst hit in regard to insured property losses and Europe was less impacted with only minor losses.
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