Source: Asia Insurance Review | Jun 2017
2016 saw a large spike in insured and economic losses caused by Nat CAT events, when compared to the 2000-2015 average. With both economic and insured losses in APAC rising, the insurance industry has been quickly adjusting to address the protection gap, while still grappling with climate change and other non-climate factors that are driving the cost of catastrophe events upwards.
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