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Swiss Re expects several billion burden of claims

natural and man-made disasters of the Swiss Re have brought costs as well as the end of the year 2018. In the fourth quarter of the fires in California, typhoons in Japan, beat the most impact.

Alone, the claims burden from major natural disasters in the months of October to December, the Swiss Re estimated to cost 1.0 billion dollars, as the reinsurer, announced on Tuesday. The Camp - and Woolsey-fires in November, about the bill-loaded with 375 million. Both fires raged for over a week and caused, according to Swiss Re estimates a total damage of 16 billion dollars for the insurer in the world.

Also tropical cyclones by shaking many parts of the world. The own Claims caused by hurricane "Michael" from October 2018, it is estimated by Swiss Re to $ 150 million; the typhoons "Jebi" and "Trami" in Japan is likely to have a cost of 320 million. The total will be charged to the industry of the events, with an estimated 8.5 billion and 12 billion dollars.

disasters triggered by human hand came up, the so-called "Man-made" events. This caused an additional 300 million dollars in costs. A heavier satellite damage, a major fire in an industrial operation in Germany and a further increase in the estimated burden of Claims for the Flooding of the Ituango dam in Colombia belonged to, according to Swiss Re.

Expensive year for insurers

The total burden of claims for Swiss Re, natural catastrophes and Man-made events are likely to add up in fiscal year 2018 to 2.9 billion dollars before taxes, it means more. The preliminary estimates are subject to higher uncertainties than usual, the reinsurer. Under the circumstances, you would have to be adjusted.

For the entire industry, Swiss Re estimates that the global insurance losses in 2018 to 81 billion dollars. This is the fourth highest value according to their own records. 2018 is for the insurance industry is an expensive year. (nlu/sda)

Created: 15.01.2019, 09:08 PM

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