Thank you for visiting Alpha. You have now logged out.

To access the Alpha Private Client Area please login above with your username and password.

If you wish to register with us please contact:

Alpha Insurance Analysts Ltd, 107 Fenchurch Street London EC3M 5JF

T: 020 7767 3420 E:

Login Required

The Market News articles are for registered members only. Please input your email and provided password within the client login box at the top right of this page to view our articles in full.

Alternatively you can register for access to our Market News from HERE.

Forgotten Passwords

If you have forgotten your password please click HERE

or contact us below:

Tel: 020 7767 3433
Fax: 020 7022 8781

Thank you!
Alpha Insurance Analysts Ltd

Notice: Undefined index: client_login_id in /var/www/vhosts/ on line 58

Notice: Undefined variable: user_data in /var/www/vhosts/ on line 76

Notice: Trying to get property 'firstname' of non-object in /var/www/vhosts/ on line 76
to the Alpha Private Client Area.

Click on the Private Client Area icon to view information relating to your personal underwriting through Alpha.

Visit Market News to read Alpha’s commentary on events and listen to audio files of Alpha meetings and other events on Diary Dates.

by : Alpha Insurance Analysts Limited

Swiss Re has today released a report that estimates the total economic losses from disaster events worldwide in 2014 at $113 billion.  This is down from the $135 billion of economic losses in 2013.  At $106 billion, damage caused by natural catastrophes was also down from last year, at $126 billion, as well as below the ten year average of $188 billion.

Insured losses for 2014 are thought to have totalled $34 billion (2013: $44 billion), of which $29 billion was from natural catastrophe events compared with $37 billion in 2013.

In the US, the year began and closed with extreme Winter weather which has already caused over $1.7 billion of insured losses, above the ten year average of $1.1 billion.  In May, the US was hit by a number of very large hail storms resulting in $2.9 billion of insured losses.  During the North Atlantic hurricane season, the US escaped relatively unscathed but Mexico suffered the worst damage since Hurricane Wilma in 2005, when Hurricane Odile made landfall in September, causing $1.6 billion of insured losses.    

In Asia, Pakistan and India suffered extensive flood damage from monsoon rains in September claiming the largest number of lives of any flood event.  The Philippines was hit by Typhoon Hagupit in December, which is estimated to cause less damage than Typhoon Haiyan.  Europe was again exposed to severe summer storms and storm Ela caused insured losses of $2.7 billion in France, Germany and Belgium.

The most expensive insured loss during 2014 has, so far, been the spate of summer storms in the US, followed by the storms in Europe a month later.