Annual report notes record US$3m payout to Lao PDR after Typhoon Yagi, capping a year of quick relief, expanded partnerships, and new coverage strategies for the region.
The industry has warned that the current draft policy creates loopholes that developers could exploit in court to overturn council rejections of risky projects.
Successive severe tropical storms in the Philippines resulted in approximately US$195m in economic damages, while flooding in China reached about US$2m in insured losses.
