Surprise: Decline In GDP-Adjusted Global Catastrophe Losses Over Past 25 Years, Violent Tornadoes Trending Downward
By P Gosselin on 23. January 2019
World economic output is rising and rising. This can be nicely seen in the growth of the global total gross domestic product. It is therefore not surprising that losses from natural catastrophes are also rising steadily. As there is more value that can be destroyed, the amount of damage would increase even if the number and severity of natural catastrophes remained constant.
This is an aspect that is often concealed when MunichRe and other companies disseminate statistical loss figures.
http://notrickszone.com/2019/01/23/surprise-decline-in-gdp-adjusted-global-catastrophe-losses-over-past-25-years-violent-tornadoes-trending-downward/
