Catastrophe Risk - Catastrophe insurers spot Asian markets potential
Significant underinsurance of life and property in disasters such as the 2008 earthquake in Sichuan, China, could pave the way to a lucrative Asian market for catastrophe insurance, according to a study by Zurich-based Swiss Re.
The report recommends further expansion of catastrophe insurance into the Asia-Pacific region, where previously the business has been dominated by Japanese and Australian policies.
"The Sichuan earthquake has undoubtedly raised awareness" of catastrophe risk in China
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