Europe suffered the year’s two most expensive disasters
Insurers paid $45bn of global catastrophe claims in 2013, down 44% on the $81bn they paid in 2012, according to Swiss Re.
Natural catastrophes accounted for $37bn of the total, with the remainder coming from man-made events.
Total economic losses in 2013 were $140bn, down 29% on 2012’s $196bn.
The industry’s two most expensive catastrophes occurred in Europe. The flooding in central and eastern Europe in May and June was 2013’s most expensive event, with insurers paying out $4.1bn.
Hailstorms in Germany and France in July ranked second, costing the industry $3.8bn.
The biggest humanitarian catastrophe of the year was Typhoon Haiyan, which struck the Philippines in November. About 7,500 people died or went missing, and the storm left 4 million people homeless.
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.
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