What more can the insurance insutry do for Nat Cats? There are many resons why there is still a serious insurance gap in Asia for Nat CAT risks.
These include perceived high cost of insurance, mistrust of the industry, cultural challanges and data paucity. Amer Ahmed, Allianz RE CEO, stresses that despite these challenges, the (re)insurance industry and goverments in this region must work together to make disaster risk financing a "key policy priority".
Reproduced with permission from Asia Insurance Review, July 2014.
