Aon 2021 Weather, Climate and Catastrophe Insight
Climate risk is burning billions and Asia remains vulnerable
Climate risk is burning billions and Asia remains vulnerable
In 2021, the largest recorded natural disaster in the region cost over $2b.
Asia suffered $72b weather and catastrophe-related losses in 2021
Insurance only covered around 9% of the economic losses.
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1. DBS, HSBC, AIA and more convene at ABF IA Summit Singapore on 1 July 2. Insurers tighten control over Hormuz shipping routes 3. Income Insurance shareholders gain exit route via AltaX 4. Agency warns 7.8 quake to shake Philippine insurers in late 2026 5. Thailand insurance licence applications fall 11.31% in 2025Resource Center
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Insurance growth strains trust at claims stage
Claims delays reshape customer loyalty patterns in Indonesia insurance sector.