APAC insured losses were US$8bn in H1 2022: Munich Re
July 29 2022 by Andrew Tjaardstra
MORE FROM: Catastrophe
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China’s ‘once-in-a-century’ flood warning puts Guangdong on alert
- April 22
The past weekend of rainstorm that hit China coastal cities and Guangdong province has led to four deaths and economic loss of US$19.3 million, according to media reports.
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Asia accounts for 40% of nat cat economic losses in Q1: Gallagher Re
- April 18
Driven by the Noto Peninsula earthquake, Asia had US$17bn in losses for the first three months of the year, making it the only region with above-average Q1 losses.
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Taiwan earthquake preliminary non-residential losses exceed US$263m: Guy Carpenter
- April 16
While not all of these losses are insured, the residential earthquake insurance fund has reported claims of about US$23m from 472 claims, data from the broker showed.
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HK Insurance Authority courts Chinese insurers, municipalities to grow cat bond hub
- April 15
The regulator is reaching out to Chinese (re)insurers and local governments as it seeks to entice potential cat bond issuers to the city and build an insurance-linked securities hub for the Greater Bay Area.
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