Data insight, Market report, Nat Cat, Nat Cat events, Non-life, Protection gap, Reinsurance

Doksuri second costliest nat cat in 2023 as Munich Re stresses importance of closing Asia’s protection gap

"Storms like Doksuri are likely to become more frequent" says Munich Re's Achim Kassow as reinsurer publishes 2023 NatCat report.

Ellis Ng

January 9, 2024

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4 min read

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.