Insured catastrophe losses in 2007 were higher than 2006 by $15billion despite the absence of a major catastrophe this year, amajor international insurer said.

Munich Re, in a report posted on its Web site, said insuredlosses by the end of 2007 reached $30 billion, double what theywere in 2006.

In terms of economic loss, Munich Re said the figure stood at$75 billion in 2007, a 50 percent increase from $50 billion in2006. However, the economic loss figures were far below 2005 recordof $220 billion in losses.

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