Asia is one of the world’s least insured places, even as it’s battered by climate change and natural disasters
via munichre.com
Short excerpt below. Read at the original source.
A lack of insurance coverage in Southeast Asia threatens an increasingly important hub for supply chains, as the region is battered by tropical storms, major flooding, and other natural disasters. Total losses from natural disasters across Asia-Pacific last year totaled $73 billion, yet just $9 billion was insured, according to Germany reinsurance company Munich Re. […]