Insurance vital in managing climate-related risks in Asia: Allianz
Posted On: Nov. 18, 2022 9:09 AM CST![Climate risk](https://bicontent.businessinsurance.com/bab625fb-9dfb-4cec-b08d-5581378c83c9.jpg)
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.