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Below-Average Insured Losses in Q4'23
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Overview
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Insured losses in Q4'23 were below average, with Hurricane Otis contributing significantly. The reinsurance industry is forecasted to experience lighter-than-average losses for 2023. Swiss Re estimates insured losses for 2023 to be between $90-100 billion.
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How will Swiss Re's estimated insured losses for 2023 affect the global economy?
How will the below-average insured losses impact the insurance industry?
What measures can be taken to mitigate the effects of severe storms?
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