In the past five years, nearly 54% of losses from declared insurance events were due to floods, representing the disproportional nature of the 4.4% of properties at high risk.
The acquisition of the Melbourne-headquartered broker will strengthens Marsh's corporate, real estate, and strata presence in Australia and New Zealand.
ADB considering establishment of risk facility in Hong Kong, Kazakhstan, Singapore, or Labuan, which aims to manage nat cat impacts for 11 CAREC member nations.
Partnership aims to strengthen the Philippines' defence against annual US$3.5bn nat cat losses through improved through improved insurance and risk management practices.
Pacific Small Island Developing States could face financial losses from natural disasters surpassing 100% of GDP by mid-century — making a strong case for innovative insurance solutions.
Shanghai's 'Sponge City' initiative garners recognition for its approach to mitigating impacts of natural catastrophes, with China aiming to roll out similar initiatives to 80% of the country's urban areas...
