AIR+05 Feb 2024

APAC:Insured losses lower than average

| 05 Feb 2024

In 2023, total economic losses due to Nat CAT in APAC were $65bn, according to Aon's 2024 Climate and Catastrophe Insight report. Of that amount, the protection gap was 91%, according to the report. Insured losses were "driven by events in New Zealand", the report said.

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