This is becoming a big problem. Insurers give businesses and individuals the peace of mind that, for a small premium paid on a regular basis, they will be covered in the event of catastrophes such as floods or wildfires. However, if payments increase because more customers apply, then the insurance industry either makes less profit […]
Tag: Munich Re
Natural catastrophes cause damage of US$ 270,000 million in 2022
The natural disasters caused in 2022 losses of US$ 270,000 million (252,336 million euros), of which US$ 120,000 million (112,150 million euros) were insured, according to figures that the reinsurer Munich Re published today. These are lower than the record figures of US$ 320,000 million in 2021 (299,065 million euros). The insured amount in 2022 […]