US EditionSwiss RICO Forecasts Asia's Security Gap to Soar to $390 Billion
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Swiss RICO Forecasts Asia's Security Gap to Soar to $390 Billion
Swiss reinsurance company Swiss RICO has projected that Asia’s security gap-the shortfall between the economic losses from disasters and the insured losses-could escalate to a staggering $390 billion in the coming years. This alarming forecast highlights the region’s growing vulnerability to natural and man-made risks amid rapid urbanization and climate change. As Asia continues to witness unprecedented economic growth, industry experts warn tha…
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