Major Natural Disaster Eventsand Insurance Loss Insights in APAC Regions
Catastrophes and natural disasters in the Asia Pacific (APAC) region amounted to a total economic loss of $80 bn. A substantial protection gap of 86%
“Global Natural Hazard” focuses on the study and analysis of natural hazards worldwide. It covers a broad range of events, including earthquakes, hurricanes, floods, and volcanic eruptions. This category examines how these hazards impact societies and economies, providing insights into risk assessment, disaster management, and mitigation strategies.
The reviews within this category highlight the latest research, emerging trends, and technological advancements related to natural hazards. They also explore how different regions prepare for and respond to these threats, offering a comprehensive overview of global efforts to manage and reduce the impact of natural disasters.
Catastrophes and natural disasters in the Asia Pacific (APAC) region amounted to a total economic loss of $80 bn. A substantial protection gap of 86%
Natural disasters resulted in global economic losses of USD 275 billion, of which USD 125 billion were covered by insurance, the fourth highest one-year total
Climate change is taking an increasing toll. The natural disaster figures are dominated by events that are more intense or are occurring more frequently
The world saw another year of impactful natural catastrophe events that once again emphasized the need to better account for the growing risks that hazards bring