Global insured catastrophe losses to hit $105 billion in 2021, driven by extreme weather events

Swiss Re Institute's preliminary sigma report estimates that the year 2021 will see global insured catastrophe losses of $112 billion; consisting of $105 natural catastrophe insured loss and $7 billion man-made insured loss. Consequently, the report highlights the need for significant investment in strengthening critical infrastructure to mitigate the impact of extreme weather conditions. Similarly, []
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