Economic losses in the Asia Pacific region due to natural disasters soared to $65 billion in 2023, with only $6 billion covered by insurance. Floods remained the most costly threat, representing over 64% of total losses. China suffered the heaviest losses with $32 billion.
Economic losses in the Asia Pacific region due to natural disasters soared to $65 billion in 2023, with only $6 billion covered by insurance. Floods remained the most costly threat, representing over 64% of total losses.
China suffered the heaviest losses with $32 billion.
Asia Pacific Natural Disasters Economic Losses Insurance Floods China
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Economic Losses in Asia Pacific Region Due to Natural Disasters Reach $65 Billion in 2023Economic losses in the Asia Pacific region due to natural disasters reached $65 billion in 2023, with only 9% covered by insurance. Floods remained the most costly threat, accounting for over 64% of total losses.
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Economic losses in Asia Pacific due to natural disasters reach $65 billionEconomic losses in the Asia Pacific region due to natural disasters soared to $65 billion in 2023, with only 9% covered by insurance. Floods remained the most costly threat, accounting for over 64% of total losses.
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Natural disasters caused an estimated $65 billion in losses last year for Asia-PacificThe report found that floods remained the most costly threat for the fourth consecutive year, representing over 64% of total losses in 2023.
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Natural disasters caused an estimated $65 billion in losses last year for Asia-PacificThe report found that floods remained the most costly threat for the fourth consecutive year, representing over 64% of total losses in 2023.
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