China’s large insurance gap puts burden on state in climate change era: Munich Re - South China Morning Post
Under-insured China vulnerable amid rise in natural catastrophes: Munich Re | South China Morning Post
In this photo taken on July 21 people walk through a flooded street after heavy rains in Shanghai. Photo: AFP
Under-insured China vulnerable amid rise in natural catastrophes: Munich Re
- More extreme weather is likely with climate change and this is of concern in China, where record temperatures have been logged this summer, warns Munich Re
- China has had large economic losses from extreme weather in the past, but very little has been recouped in a country with an insurance gap of 90 per cent
In this photo taken on July 21 people walk through a flooded street after heavy rains in Shanghai. Photo: AFP
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