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What more can the insurance industry do for NAT CATs? - Risk financing a key priority

Source: Asia Insurance Review | Jul 2014

There are many reasons why there is still a serious insurance protection gap in Asia for Nat CAT risks. These include perceived high cost of insurance, mistrust of the industry, cultural challenges and data paucity. Mr Amer Ahmed of Allianz Reinsurance stresses that despite these challenges, the (re)insurance industry and governments in this region must work together to make disaster risk financing a "key policy priority".

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