Insured property asset values grew despite pandemic

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.

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