Swiss Re has released its preliminary sigma estimates, estimating total economic losses from natural and man-made disasters in 2017 at $306 billion, the third highest on record. This 2017 estimate is a tremendous increase from $188 billion in 2016.
Global insured losses from catastrophes in 2017 are estimated to be $136 billion, the third highest on sigma records; and 2017 is also the second costliest hurricane season on sigma records after 2005. The U.S. was hit the hardest, with historic losses from hurricanes Harvey, Irma and Maria.
More than 11,000 lives were claimed in catastrophe events this year.
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
