ZURICH: The economic cost of disasters across the world dropped in 2015 to around $85 billion (78 billion euros) from $113 million last year, reinsurance company Swiss Re said on Friday.

Insurance companies covered $32 billion of the total, it said in its Sigma study.

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