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A report by Swiss Re Institute said that China is increasing its resilience against natural catastrophes, with the government and insurers taking collaborative measures to boost awareness around protection against natural disasters, and mitigate widespread damages, Reinsurance News reported. China’s national natural catastrophe resilience index reached 9% in 2021, up from 8.1% in 2020, with the improvement reflecting expansion of the Chinese nonlife insurance market and steady growth in the commercial property insurance line.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms