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Insurance vital in managing climate-related risks in Asia: Allianz

Posted On: Nov. 18, 2022 9:09 AM CST

Climate risk


Anusha Thavarajah, regional chief executive at insurer Allianz Asia Pacific, said that insurance has a crucial role in anticipating, identifying, and managing climate-related risks in Asia, Reinsurance News reported. Although Asia is on the frontline of climate change, the region is still highly vulnerable due to low insurance penetration and a wide protection gap.