Catastrophes in 2015: global oeriew otal economic losses: Ž‘’ †2 billion 2 otal economic losses in 2015 ere ell he estimate‚ total economic losses from natural catastrophes an‚ man‰ma‚e belo the 10‰year averaeˆ ‚isasters across the orl‚ ere Ž‘’ †2 billion in 2015ˆ his is less than the Ž‘’ 11 billion total loss in 201„… an‚ is ell belo the inflation‰a‚ uste‚ averae of the previous 10 years šŽ‘’ 1†2 billion›ˆ Catastrophe losses in 2015 ere 0ˆ12§ of lobal ross ‚omestic pro‚uct š–’•› versus the 10‰year averae of 0ˆ2‡§ˆ –lobal natural catastrophe‰relate‚ losses Natural catastrophe‰relate‚ total losses ere aroun‚ Ž‘’ ‡0 billion in 2015… ere aroun‚ Ž‘’ ‡0 billionˆ stemmin mostly from earthŒua€es… tropical cyclones… other severe storms an‚ ‚rouhts in Asia… North America an‚ Europeˆ Table 2 Regions S bn  o ­ otal losses… in Ž‘’ billion an‚ § of North America 2† 0ˆ1„§ lobal –’•… 2015 ƒatin America ¦ Caribbean  0ˆ1„§ Europe 1 0ˆ06§ Africa 1 0ˆ05§ Asia ‡ 0ˆ15§ ™ceania/Australia  0ˆ20§ ‘eas / space 1 Total €2 ¨orl‚ total 0ˆ12§ 10‰year averae ©© 1†2 0ˆ2‡§ © roun‚e‚ numbers ©© inflation a‚ uste‚ ‘ource: ‘iss e Economic esearch ¦ Consultin an‚ Cat •erilsˆ Šan‰ma‚e ‚isasters cause‚ Šan‰ma‚e ‚isasters are estimate‚ to have cause‚ Ž‘’ 12 billion of the total lobal Ž‘’ 12 billion in total lossesˆ losses in 2015… up from Ž‘’ † billion in 201„ˆ 2 ˜rom hereon… referre‚ to as “total losses”ˆ „ Swiss Re sigma No 1/2016