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Munich Re, the world?s largest insurance company, said that the world experienced a record number of natural disasters in 2000, although the number of deaths was lower because fewer populated areas were affected. 10,000 people died as a result of natural disasters in 2000, compared with 75,000 in 1999, while the number of disasters rose from 750 to 850.

Damage was estimated to be $30 billion, but despite this, 2000 wasn?t an expensive year for insurance companies, because only $7.5 billion of these losses were covered by insurance. This is partly because so many of the problems occurred in poorer countries, where people are less likely to be insured.
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