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.
Source: nbcchicago - 🏆 545. / 51 Read more »
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.
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: nbcchicago - 🏆 545. / 51 Read more »
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.
Source: nbcsandiego - 🏆 524. / 51 Read more »
Asia Pacific deal value soars in 2023, but overall drops to lowest since 2014Total deal value in the Asia Pacific region soared 183% in 2023, according to a report by Bain & Company. However, overall deal value in the region dropped to its lowest since 2014 due to a fundraising slowdown. Exits also fell by 26% to $101 billion, with 40% of them being through IPOs. The low cost of the China-built BYD Seagull, priced at just 69,800 yuan, has raised concerns about Chinese rivals disrupting the global automotive industry by undercutting prices. Senate leaders managed to pass the budget deal in a 74-24 vote, avoiding a shutdown.
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Asia-Pacific markets mixed as investors await inflation data from the region this weekInflation data from Australia, Singapore, Malaysia, as well as Japan’s capital city of Tokyo — a leading indicator for Japan — is due this week.
Source: NBCNewYork - 🏆 270. / 63 Read more »