AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.00 Decreased By ▼ -0.53 (-0.41%)
BOP 6.76 Increased By ▲ 0.08 (1.2%)
CNERGY 4.50 Decreased By ▼ -0.13 (-2.81%)
DCL 8.70 Decreased By ▼ -0.24 (-2.68%)
DFML 41.00 Decreased By ▼ -0.69 (-1.66%)
DGKC 81.30 Decreased By ▼ -2.47 (-2.95%)
FCCL 32.68 Decreased By ▼ -0.09 (-0.27%)
FFBL 74.25 Decreased By ▼ -1.22 (-1.62%)
FFL 11.75 Increased By ▲ 0.28 (2.44%)
HUBC 110.03 Decreased By ▼ -0.52 (-0.47%)
HUMNL 13.80 Decreased By ▼ -0.76 (-5.22%)
KEL 5.29 Decreased By ▼ -0.10 (-1.86%)
KOSM 7.63 Decreased By ▼ -0.77 (-9.17%)
MLCF 38.35 Decreased By ▼ -1.44 (-3.62%)
NBP 63.70 Increased By ▲ 3.41 (5.66%)
OGDC 194.88 Decreased By ▼ -4.78 (-2.39%)
PAEL 25.75 Decreased By ▼ -0.90 (-3.38%)
PIBTL 7.37 Decreased By ▼ -0.29 (-3.79%)
PPL 155.74 Decreased By ▼ -2.18 (-1.38%)
PRL 25.70 Decreased By ▼ -1.03 (-3.85%)
PTC 17.56 Decreased By ▼ -0.90 (-4.88%)
SEARL 78.71 Decreased By ▼ -3.73 (-4.52%)
TELE 7.88 Decreased By ▼ -0.43 (-5.17%)
TOMCL 33.61 Decreased By ▼ -0.90 (-2.61%)
TPLP 8.41 Decreased By ▼ -0.65 (-7.17%)
TREET 16.26 Decreased By ▼ -1.21 (-6.93%)
TRG 58.60 Decreased By ▼ -2.72 (-4.44%)
UNITY 27.51 Increased By ▲ 0.08 (0.29%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,450 Increased By 43.4 (0.42%)
BR30 31,209 Decreased By -504.2 (-1.59%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

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 a report on 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, north-eastern 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.
The report said the blasts in Tianjin, which also killed 173 people, were the costliest insurance loss event ever in Asia, and the third costliest world-wide, on a list headed by the 9/11 terror attacks on the United States, estimated at $25.2 billion.
The Tianjin disaster "has put a spotlight on accumulation risk in large transportation hubs such as ports," the report noted.
"The imposition of an exclusion zone at the site due to the risk of follow-up explosions and clean-up operations made it very difficult for insurers to assess the losses arising from the many damaged or destroyed assets, such as the many cars in transit at the port," it said.

Copyright Agence France-Presse, 2016

Comments

Comments are closed.