Analysts at Jefferies have estimated that re/insurance industry losses from catastrophes were 16% below the long-term average in December 2020.
Amongst these losses, winter weather and severe storms featured as the most prominent perils, accounting for 71% of the total insured losses.
Relative to prior years, December wildfire losses were lower, especially if the December 2019 to January 2020 Australian wildfires are included in the comparison period.
