The overall losses of $33 billion were roughly half those of the previous year and of the price-adjusted average for the last 30 years ($65 billion (USD) and $68.3 billion (USD), respectively). The overall losses of $33 billion were roughly half those of the previous year and of the price-adjusted average for the last 30 years ($65 billion (USD) and $68.3 billion (USD), respectively). (Photo: Shutterstock)

Across the world, natural disasters in the first half of 2018 caused significantly lower losses than usual, according to Munich Re. Provisional figures estimate overall losses were around $33 billion (USD), the lowest level since 2005.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].