Multiple smaller catastrophes deliver average insured-loss year in 2018
Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW)
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Source: GlobeNewswire
LONDON, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Insured losses from major natural catastrophes in 2018 totalled roughly $71.5 billion, only slightly more than the annual average since 2011, but the third-highest total during the eight-year period, according to the Summary of Natural Catastrophe Events 2018 report, published today by Willis Re, the reinsurance division of Willis Towers Watson, the leading global advisory, broking and solutions company (NASDAQ:WLTW). The average is driven upwards by peak annual losses of $120 billion in 2011 and $143 billion in 2017. In contrast to these previous peak years, where one or two natural disasters contributed a large percentage of the total insured loss, no such major event or events account for a large proportion of the 2018 losses. Instead, the total arises from a series of smaller and medium-sized loss events. Insured losses from natural catastrophes since 2011, $ USD billion2011120201260201335201433201523201639.52017143201871.5Average65.6 *
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