Cover Story - Catastrophes: Quantifying Insured Risks in Asia - Challenges and Opportunities
Source: Asia Insurance Review | Jun 2007
Asia is a vast continent occupying 8.6% of the earth’s surface, 29.6% of the world’s landmass, and residing in it are close to 4 billion people representing approximately 60% of the world’s population. The region is also characterised by a rich diversity in its people, languages, cultures, landscapes and economic development and is also exposed to a variety of natural disasters, chiefly floods, earthquakes and typhoons. Here, Dr Mohan Sharma, Head of Catastrophe Modelling & Analytical Services of Aon Re Asia, examines the increasing exposures in the region, the challenges of managing these risks and that gaining a thorough understanding of the catastrophe risks is a prerequisite to managing them.
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