CRESTA, the re/insurance industry organisation that provides a global standard for risk accumulation zones and cat industry losses, has released its Q4 update of the CRESTA Industry Loss Index (CLIX), highlighting a significant rise in weather-related catastrophe losses over the last 20 years.
CRESTA states that the CLIX index provides industry loss data on international Cat events which have generated losses to the insurance industry in excess of $1 billion (excluding the US).
