News Non-Life23 Jan 2018

New Zealand:Nat CAT to cost economy more than US$1 bln a year

23 Jan 2018

New Zealand can expect to face, on average, annual costs of NZ$1.6 billion (US$1.17 billion) or just under 1% of its GDP, from natural disasters, based on data going back to 1900, according to the chief executive of the Insurance Council of New Zealand, Mr Tim Grafton.

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