Global economic losses caused by climate change have spiked by 250% in the last three decades, putting pressure on the insurance industry. The global protection gap could reach $1.86tn by 2025, with the Asia Pacific region accounting for almost half of all uninsured risk.
This year, at the Asia Nat CAT and Climate Change conference, we will get up close and technical to look at strategies to meet the ever-increasing new risks and demand for CAT covers in the aftermath of COVID-19. This two-day conference is a must attend for CAT underwriters, reinsurers, CAT modellers, risk managers, brokers as well as all involved in the dynamic and volatile CAT market today. The insurance industry must respond to find effective risk management strategies to meet evolving and increasing CAT exposures.