Natural disasters in Asia Pacific: cost of insured losses in 2022

asia pacific floodsA Munich Re study has revealed a 70 billion USD figure related to the economic damage caused by natural disasters that occurred in the Asia Pacific region in 2022. Only 10 billion USD of this amount, that is 14.3% of the total loss cost, are insured.

The two most striking climatic events of the year were the floods in Australia and the earthquake in Japan with insured losses amounting to 4.7 billion USD and 2.8 billion USD respectively.

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