The year-end catastrophe scorecard

Today, in words, I got nothin’. Fortunately, Aon has released its encyclopedic analysis (pdf) of 2010 catastrophes, which caused $38 billion in insurance losses. So I got this chart:

Well predicted.It compares the pre-season hurricane forecasts of Colorado State, the federal government (NOAA) and Tropical Storm Risk, an Aon-sponsored forecaster. All in all, three accurate forecasts. Fortunately, the storms tended to stay at sea.

I also have this time series from Swiss Re, whose 2010 cat overview put insured losses at $36 billion:

Inclining upwards

Insured cat losses have been creeping upward steadily the past three decades. (The chart is inflation-adjusted.) Not sure why Swiss Re charts losses from manmade disasters and earthquakes but not hurricanes, which is obviously providing the contours to the top line.

Advertisements
Tagged

One thought on “The year-end catastrophe scorecard

  1. […] This post was mentioned on Twitter by Reactions, Jim Lynch. Jim Lynch said: The year-end catastrophe scorecard: http://wp.me/pSIxF-FN […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: