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International Business Times
International Business Times
Science
Nathalie OLOF-ORS

Swiss Re Warns Insured Disaster Losses Could Double In A Decade

Swiss Re Climate Change Insurance
The bill for insurers exceeded the $100-billion mark for the fourth year in a row in 2023 (Credit: AFP)

Insured property losses could double in the coming decade due to climate change and more frequent and more intense severe weather events, reinsurance giant Swiss Re warned Tuesday.

The Zurich-based group -- which acts as an insurer for insurers -- also highlighted the rising costs from hailstorms.

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