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According to Swiss catastrophe data provider Perils AG, the growth rate of insured property asset values outpaced gross domestic product growth in several countries despite the COVID-19 pandemic and resulting recessions, Artemis reported. According to Perils’ database, the European windstorm insured property values increased by 2.7% year-on-year to €61.6 trillion ($73.8 trillion) as of Jan 1, 2021.