Natural disasters price French insurers 10 billion euros ($10.9 billion) final 12 months, a two-decade excessive as such occasions change into extra frequent and intense, the pinnacle of the sector’s federation stated Thursday.
“It was an annus horribilis,” France Assureurs president Florence Lustman instructed Europe 1 radio, citing the hailstorms, floods and droughts that hit the nation final 12 months.
Natural disasters price the business 3.5 billion euros on common per 12 months between 2017-2021.
The 2022 determine is the very best since storms pummelled France in 1999.
The insurance coverage federation stated the invoice from pure disasters will exceed 140 billion euros over the following 30 years, double the quantity for the earlier three a long time.
Reinsurance big Swiss Re stated in December that pure and man-made catastrophes precipitated $268 billion of financial losses worldwide in 2022.
