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International

Developing countries look to cat bonds to cover losses

October 12, 2018 Reprints

Insurance industry experts said that developing countries especially in Latin America and Southeast Asia and China are increasingly looking to tap catastrophe bonds to cover natural disaster-related losses, Global Capital reported. A report by U.K.-based CASS Business School found that 84% of catastrophe-related economic losses were uninsured in both Asia and Latin America and 72% in Africa in 2017.

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Developing countries look to cat bonds to cover losses

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