2014 was a quiet year, with significant insured losses totaling around USD33 billion. Insured losses were below the ten-year and five-year moving averages of around USD59 billion and USD56 billion, respectively (see graphs below).

About 57 percent of insured losses were reported in the Americas, 19 percent in Europe and 23 percent in Asia and Australasia (see table below). In 2014, insured losses were at their lowest level since 2009, and well below the notable year of 2011, with insured losses of around USD126 billion, caused by significant events occurring on a worldwide basis.

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