AFP, Geneva :
Natural and man-made disasters cost $92 billion (81.24 billion euros) in 2015, compared with $113 billion in 2014, the Swiss reinsurer Swiss Re said in report Wednesday.
Global insured losses were $37 billion, far below the $62 billion annual average of the last 10 years, it said.
The biggest single insured-loss of the year was the twin explosions at the port of Tianjin, northeastern China, in August, which was estimated to cost between $2.5 and $3.5 billion. This was followed by a storm in the United States in February, which left insurers with a bill of $2.1 billion.
Out of 353 disaster events, 198 were natural catastrophes, the highest number in any one-year, Swiss Re said.
The report is the final version of a preliminary estimate last December, which said all disasters in 2015 cost $85 billion. Around $80 billion of the $92 billion losses came from natural disasters, led by the earthquake in Nepal, which cost $6 billion-a figure that includes damage reported in India, China and Bangladesh-and killed nearly 9,000 people, making it the deadliest single disaster event in 2015.
Natural and man-made disasters cost $92 billion (81.24 billion euros) in 2015, compared with $113 billion in 2014, the Swiss reinsurer Swiss Re said in report Wednesday.
Global insured losses were $37 billion, far below the $62 billion annual average of the last 10 years, it said.
The biggest single insured-loss of the year was the twin explosions at the port of Tianjin, northeastern China, in August, which was estimated to cost between $2.5 and $3.5 billion. This was followed by a storm in the United States in February, which left insurers with a bill of $2.1 billion.
Out of 353 disaster events, 198 were natural catastrophes, the highest number in any one-year, Swiss Re said.
The report is the final version of a preliminary estimate last December, which said all disasters in 2015 cost $85 billion. Around $80 billion of the $92 billion losses came from natural disasters, led by the earthquake in Nepal, which cost $6 billion-a figure that includes damage reported in India, China and Bangladesh-and killed nearly 9,000 people, making it the deadliest single disaster event in 2015.
