All APAC insurers surveyed reported moderate-to-very high concern about physical risk creating broader financial instability, but only 36% have integrated it into overall risk management.
Representatives from PCRIC, African Risk Capacity, CCRIF SPC, and SEADRIF met in Italy to begin work on a shared risk finance platform for member states.
With Asia Pacific expected to gain nearly US$800bn in data centre investment by 2030, water stress and fire risk quality have emerged as interconnected vulnerabilities.
