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Mar 2024

What more can the insurance industry do for NAT CATs? - Closing the gap

Source: Asia Insurance Review | Jul 2014

There is still a serious insurance protection gap in Asia for Nat CAT risks, with the perceived high cost of insurance, mistrust of the industry, cultural challenges and data paucity being cited as the key reasons. To overcome this gap, private insurers must work with the governments in the region to make disaster risk financing a key priority. We drill down on what's happening in two CAT-prone countries in Asia - India and Indonesia.

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