Magazine

Jun 2019

Read the latest edition of AIR and MEIR as an Interactive e-book

ASEAN: Lloyd's study shows top 15 Southeast Asian cities have US$300 bln at risk over next decade

Source: Asia Insurance Review | Oct 2015

Southeast Asia’s top 15 largest cities have US$300 billion at risk from a series of threats over the next decade, according to new research launched by Lloyd’s.
 
   The Lloyd’s City Risk Index 2015-2025 indicates that in Southeast Asia, 17.7% of the average annual GDP of $1.69 trillion generated by the top cities in Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam is at risk in the coming decade.
 
   The Risk Index presents the first-ever analysis of economic output at risk (GDP@Risk) in 301 major cities across the world from 18 man-made and natural threats over a 10-year period. Based on original research by the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School, the Index found that a total of $4.6 trillion of projected GDP is at risk in these cities around the world.
 
   The greatest threats to the economies of the 15 Southeast Asian cities analysed are from windstorm ($68.29 billion), followed by market crash ($60.8 billion), human pandemic ($30.74 billion), earthquake ($30.06 billion), and flood ($22.48 billion).
 
   Underinsurance remains a key issue within the region and the findings show the need for governments and businesses to work together to build more resilient infrastructure and institutions.
 
| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.