sigma op  insured losses in ­ceania 2Ž1 ustralia ustralia ustralia ustralia ustralia ƒS… ¦ueensland S†dne† ¦›D§ ƒS… S†dne†§ „urnell …inter storm ropical nšac Storm hunderstorms C†clone arcia Da† hailstorm “lash floods E“2 tornado Insured loss ˆictims Insured loss ˆictims Insured loss ˆictims Insured loss ˆictims Insured loss ˆictims Ž.Œbn Œ Ž.—bn 1 Ž.‹bn Ž Ž.‹bn — Ž.1bn Ž USD USD USD USD USD Source: Swiss Re Economic Research and Consulting