sigma No 1/2008 Natural catastrophes and man-made disasters in 2007: high losses in Europe 3 Summary 5 Overview of catastrophes in 2007 9 Increasing flood losses 16 Indices for the transfer of insurance risks 20 Tables for reporting year 2007 40 Tables on the major losses 1970–2007 42 Terms and selection criteria Published by: Swiss Reinsurance Company Economic Research & Consulting P.O. Box 8022 Zurich Switzerland Telephone +41 43 285 2551 Fax +41 43 285 4749 E-mail:
[email protected] New York Office: 55 East 52nd Street 40th Floor New York, NY 10055 Telephone +1 212 317 5135 Fax +1 212 317 5455 The editorial deadline for this study was 22 January 2008. Hong Kong Office: 18 Harbour Road, Wanchai sigma is available in German (original lan- Central Plaza, 61st Floor guage), English, French, Italian, Spanish, Hong Kong, SAR Chinese and Japanese. Telephone +852 2582 5691 sigma is available on Swiss Re’s website: Fax +852 2511 6603 www.swissre.com/sigma Authors: The internet version may contain slightly Rudolf Enz updated information. Telephone +41 43 285 2239 Translations: Kurt Karl (Chapter on indices) CLS Communication Telephone +41 212 317 5564 Graphic design and production: Jens Mehlhorn (Chapter on floods) Swiss Re Logistics/Media Production Telephone +41 43 285 4304 © 2008 Susanna Schwarz Swiss Reinsurance Company Telephone +41 43 285 5406 All rights reserved. sigma co-editor: The entire content of this sigma edition is Brian Rogers subject to copyright with all rights reserved. Telephone +41 43 285 2733 The information may be used for private or internal purposes, provided that any Managing editor: copyright or other proprietary notices are Thomas Hess, Head of Economic Research not removed.