Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Insured losses from cat events in APAC hit $11 billion

January 31, 2023 Reprints

A report by reinsurer Gallagher Re said that insured losses stemming from natural catastrophes in Asia Pacific reached $11 billion in 2022, on level with the losses seen in 2021, Asia Insurance Review reported. The report highlighted a noticeable insurance gap in particular countries in the region including Pakistan where insured losses after devastating floods in 2022 was negligible.

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees

Help

Insured losses from cat events in APAC hit $11 billion

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources