ƒu ished y: Žwiss ‹e ›td Economic ‹esearch Ÿ Œonsutin ƒ‡”‡ ‰ox Exore and visuaiŠe sigma data on natura catastrohes and 022 ¹urich the word insurance markets at www‡sigma†exorer‡com ŽwitŠerand © 2016 Žwiss ‹e‡ ‘ rihts reserved‡ ˆeehone Á41 4¡ 2™ 2™™1 —ax Á41 4¡ 22 00¢™ ˆhe editoria deadine for this study was 1’ —e ruary 2016‡ E†˜ai: simaÂswissre‡com sigma is avaia e in Enish oriina anuae„… €erman… —rench… Žanish… Œhinese and §aanese‡ ‘rmonk ”ffice: 1¢™ ±in Žtreet sigma is avaia e on Žwiss ‹e’s we site: www‡swissre‡com/sima ‘rmonk… N¼ 10™04 ˆhe internet version may contain sihty udated information‡ ˆeehone Á1 ’14 2 000 ˆransations: €erman: ‚iction ‘€ £on ±on ”ffice: —rench: ithaxa Œommunications Ž‘‹› 1 £ar our ‹oad… ¦anchai Žanish: ˆraductores ‘sociados ªaencia Ž‡›‡ Œentra ƒaŠa… 61st —oor £on ±on… Ž‘‹ €rahic desin and roduction: Œororate ‹ea Estate Ÿ ›oistics / ˜edia ƒroduction… ¹urich ˆeehone Á ™2 2™ 2 ™644 ƒrintin: ˜uticoor ƒrint ‘€… ‰aar ‘uthors: Œarence ¦on ˆeehone Á™2 2™ 2 ™644 Nishant Žinha ˆeehone Á’1 0 4’00 220™ ˆhis reort is rinted on sustaina y roduced aer‡ ˆhe wood used comes from forest certified to 100 y the —orest Žtewardshi sigma editor: Œounci —ŽŒ„‡ ƒau ‹onke ˆeehone Á41 4¡ 2™ 2660 © 2016 Žwiss ‹e Editor in chief ‘ rihts reserved‡ ±urt ±ar… £ead of Economic ‹esearch Ÿ Œonsutin… ˆhe entire content of this sigma edition is su “ect to coyriht with is resonsi e for the sigma series‡ a rihts reserved‡ ˆhe information may e used for rivate or interna uroses… rovided that any coyriht or other rorietary notices are not removed‡ Eectronic reuse of the data u ished in sigma is rohi ited‡ ‹eroduction in whoe or in art or use for any u ic urose is ermitted ony with the rior written arova of Žwiss ‹e Economic ‹esearch Ÿ Œonsutin and if the source reference “Žwiss ‹e… sigma No 2/2016” is indicated‡ Œourtesy coies are areciated‡ ‘thouh a the information used in this study was taken from reia e sources… Žwiss ‹e does not accet any resonsi iity for the accuracy ˆhe authors woud ike to thank —inn ±rüer… or comrehensiveness of the information iven or forward ookin ‘rend ±uenkamff and ‚anie Žtai for statements made‡ ˆhe information rovided and forward†ookin their contri utions on the anaysis of the statements made are for informationa uroses ony and in no Œommonweath of Indeendent Žtates… way constitute or shoud e taken to refect Žwiss ‹e’s osition… ›atin ‘merica and Žu †Žaharan ‘frica in articuar in reation to any onoin or future disute‡ In no event reions… resectivey‡ ˆhanks aso to ¹erina sha Žwiss ‹e e ia e for any oss or damae arisin in connection ¹en for her work on market data anaysis‡ with the use of this information and readers are cautioned not to ace undue reiance on forward†ookin statements‡ Žwiss ‹e undertakes no o iation to u icy revise or udate any forward†ookin statements… whether as a resut of new information… future events or otherwise‡ ”rder no: 2¢0½0216½en
Insuring The Frontier Markets Page 35 Page 37