Swiss Re issues 2004 report

Swiss Re has published a report on how it used event-based risk analysis to withstand the weather event challenges in 2004.According to "The 2004 hurricane season: unusual, but not unexpected", the 2004 hurricane season generated the greatest losses in the US and the Caribbean on record. Japan was also hit by an unprecedented number of typhoons. The hurricanes led to insured losses totalling $20bn-25bn, while the insured typhoon losses are estimated at $6bn.Swiss Re's report says that if (re