Insured losses from floods doubled over last decade – Swiss Re

Total flood losses between 2011 and 2021 were $99 billion, the report said. However, only 18% of global economic losses from flood events during the period were insured. While floods were previously considered uninsurable, better-quality data, sophisticated risk mapping and more advanced modeling have enabled more accurate pricing for flood risk, which in turn has created opportunities for the private sector in flood insurance.

“The recent events in Kentucky, Mississippi and Texas are a sad reminder of how devastating floods can be to our lives,” said Keith Wolfe, president of US P&C at Swiss Re. “Despite the private flood insurance

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