Wildfires and floods cause billion-dollar economic loss in Asia Pacific in the first quarter of 2025: Aon Report

Wildfires and floods cause billion-dollar economic loss in Asia Pacific in the first quarter of 2025: Aon Report

George Attard, CEO for Reinsurance Solutions for APAC , Aon In the APAC region, the protection gap was much higher with 95 percent of the losses not covered. Increases in population density in coastal areas, wealth and overall exposure to natural hazards in high-risk...
Lloyd’s highlights risk of extreme space weather as latest scenario reveals potential global economic loss of $2.4trn

Lloyd’s highlights risk of extreme space weather as latest scenario reveals potential global economic loss of $2.4trn

North America is identified as the region likely to be most financially impacted by the scenario, suffering a potential economic loss of $755 billion over the modelled five year period. However, the gap between the impact on North America and Europe is relatively...

APAC sees economic loss of $ 80 billion and $11 billion insured claims out of catastrophes and natural disasters in 2022

George Attard, chief executive officer, Reinsurance Solutions, Asia Pacific at Aon said, “The extreme weather in the region throughout the year highlights the continuing need to strengthen resilience by adopting effective adaptation and risk management...