Insured flood loss just in part of Germany said EUR 4 to 5 billion: GDV

Insured flood loss just in part of Germany said EUR 4 to 5 billion: GDV

With considerable damage seen in Belgium, as well as other countries, this figure of an up to EUR 5 billion insurance and reinsurance market loss just for part of thee damage in Germany suggests the general tally could be much greater.” We currently anticipate insured losses of 4 to 5 billion euros,” described Jörg Asmussen, primary executive of the German Insurance Association( GDV), in
Berlin on Wednesday. That year saw approximately EUR 10.9 billion of insurance coverage and reinsurance market losses for storm damages in Germany.
— European flood losses might support reinsurance renewal prices: BofA.– European flood losses expected in the multiple billions of Euros: Aon.– Ongoing European flood occasion to drive market losses in the billions.

With substantial damage seen in Belgium, as well as other nations, this figure of an up to EUR 5 billion insurance coverage and reinsurance market loss just for part of thee damage in Germany recommends the total tally might be much greater.” We currently expect insured losses of 4 to 5 billion euros,” explained Jörg Asmussen, chief executive of the German Insurance Association( GDV), in
Berlin on Wednesday. That year saw roughly EUR 10.9 billion of insurance coverage and reinsurance market losses for storm damages in Germany.– European flood losses anticipated in the numerous billions of Euros: Aon.– Ongoing European flood occasion to drive industry losses in the billions.

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