Magazine date:
Nov 2010 According to the broker Aon Benfield, Asian insurers must seriously take into consideration the increasing frequency of natural catastrophes of exceptional magnitude on the continent. This is especially true as the value of goods is rising steadily and the insurance penetration rate is progressing. Japan, China or South Korea are on the frontline, these countries have been affected by major events in the past. The companies concerned are required to ensure that they have good reinsurance coverage, the only way to guard against such great catastrophes.