GENEVA: Disasters caused global economic losses of about $130 billion (94.5 billion euros) this year, Swiss Re said on Wednesday, but there was little insurance coverage for the deadliest catastrophe, super typhoon Yolanda (international name: Haiyan) in the Philippines.

In a preliminary estimate of the impact of natural and man-made disasters, the Zurich-based reinsurance group noted that the economic impact was sharply down from $196 billion in 2012, a year marked by Superstorm Sandy in the United States.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details