April 2014

Spotlight – In international business, almost every market around the world does things in a different way. This often leads to misunderstandings and unfulfilled expectations. However, different does not need to mean difficult and knowledge of the needs and characteristics of specific geographic markets is an advantage to those who are active in the global economy. These articles help you understand different aspects of the insurance industry around the world, enabling those who do business there to feel more “at home, abroad.”

Economic losses from catastrophes worldwide amounted to about US$140 billion in 2013. Insured losses were around US$45 billion. Typhoon Haiyan was the biggest humanitarian catastrophe of the year. These are just some of the facts one will find in the latest edition of sigma, Swiss Re’s marvellous and peerless publication: 1/2014. In addition readers can think about sigma’s comments on climate change as an important and increasing loss-generating force in the future. Sigma 1/2014 contains a well-documented series of figures relating to natural catastrophes, man-made disasters, aviation-, maritime-, mining- and miscellaneous disasters. These are further categorised into chronological order and type of disaster.

We are grateful to the Economic Research & Consulting team of Swiss Re (http://www.swissre.com/) for their permission to publish this document which can be accessed at http://www.swissre.com/sigma/ and any questions or comments should be addressed to Magda Ponce de León Lijs at Magda_PonceDeLeonLijs@swissre.com