Aditi Bhaduri

Asia’s Lack of Insurance Against Natural Disasters

398 natural disaster events occurred globally in 2023, resulting in a USD 380 billion (2022: USD 355 billion) economic loss during the 12-month period under review – 22 percent above the 21st-century average – driven by significant earthquakes and relentless severe convective storms (SCS) in the U.S. and Europe