Losses due to major events were lower in 2002 than average, according to Swiss Re.
More than 300 major events in 2002 caused estimated economic losses of $40bn, estimated Swiss Re. This is below the post-1990 average of £68bn, added Swiss Re.
"The $12bn estimate for total insured catastrophe losses worldwide equates roughly to the average since 1970, adjusted for inflation," added Swiss Re.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
