Cover Story – Catastrophe & Cat Modeling -Natural Disasters in China – A 2008 Retrospective
Source: Asia Insurance Review | Jul 2009
As China prepared to host the 2008 Olympic Games, the attention of the nation was diverted by events of catastrophic proportions, including a series of winter storms and the magnitude 7.9 Wenchuan Earthquake of May 12th. Ms Helen Ye, AIR Worldwide’s Manager for the Asia region and Dr Tao Han, Deputy Manager of AIR Worldwide’s Beijing office, review the major natural disasters from the past year and discuss their impact on China and, in particular, on China’s growing insurance industry. One thing became clear in the aftermath – the industry will need to implement better risk management practices.
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