Issue 178: Asia’s perennial problem of underinsurance
This week in ESG: Only 12.3 per cent of the region’s natural disaster losses were insured
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Climate adaptation
The rising costs of climate change
Asia-Pacific has emerged as the region that is the most underinsured for losses arising out of natural disasters.
According to Munich Re’s 2025 natural catastrophe report, only US$9 billion of losses were insured, representing just 12.3 per cent out of overall losses amounting to some US$73 billion.
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