asia pacific

Reinsurer Munich Re says that their natural catastrophe database (NatCatSERVICE) shows that the Asia Pacific region is increasingly exposed to major weather-related catastrophe events. Their database shows that weather-related catastrophes have more than tripled in the last 30 years, with China seeing weather disasters quadrupling since 1980.

The Asia Pacific re/insurance market accounted for two-thirds of the world’s insured catastrophe losses during the first three-quarters of 2011 according to a new report from Guy Carpenter. It’s a record share of the world’s insured losses and demonstrates both the exposure to catastrophe events in Asia Pacific and the growing value at risk in […]