5 August 2016Insurance

Large cat losses hit China but only 2% of damage covered by insurance

China faced the worst flooding since 1998, leaving the country with an economic toll of $33 billion. Only 2 percent of the damage is covered by insurance, according to Aon Benfield’s global catastrophe recap report for July.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Arch expands Middle East war coverage as conflict drives price surge

3 August 2026 Select prices have gone to multiples of what they had been pre-crisis, CEO says.

Commercial property rates will continue to soften throughout 2026, says Baldwin Group

3 August 2026 Casualty heads in other direction; class action defence spending to hit $5bn this year.

Japan Kumamoto earthquake insured losses could reach $2.1bn: Verisk

3 August 2026 Ground shaking drives losses, manufacturing disruptions add to event’s impact.

More articles

Arch expands Middle East war coverage as conflict drives price surge

Commercial property rates will continue to soften throughout 2026, says Baldwin Group

Japan Kumamoto earthquake insured losses could reach $2.1bn: Verisk

mea Platform hires former Swiss Re COO to lead EMEA strategic accounts

TWIA lines up Gallagher Re consecutive reinsurance broking term

Ageas exits 25-year Malaysia partnership in billion-dollar deal

Westfield Specialty lures AIG director to expand Nordic footprint

Gallagher Re appoints APAC facultative leader from Guy Carpenter

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze