Tianjin drives increase in man-made losses in 2015

Global insured catastrophe losses totalled around $37bn in 2015,
well below the inflation-adjusted 10-year average of $62bn,
according to Swiss Re's Sigma unit.
Of the insured losses in 2015, $28bn was attributed to natural
catastrophes and $9bn to man-made events, Sigma said in its report,
released today (30 March).
However, Sigma noted that there had been a 29 percent increase
in man-made losses largely due to the two massive explosions at the
Port of Tianjin in China in August, which...