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Chinese insurers highly exposed to extreme nat cat events


U.S.-based Fitch Ratings Inc. said that insurers in China are among the underwriters most exposed to increasingly frequent extreme natural disasters, Asia Insurance Review reported. While Chinese insurers cover around 10% of economic losses from natural disasters – a proportion much higher than that in developed western markets – government support measures, including subsidized reinsurance coverage, help in reducing insurers’ exposure to extreme events.


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