Kathmandu. Insurance losses from global natural disasters are expected to exceed $200 billion in 2025. <\/p>\n
The Geneva Association estimates that natural disasters in 2020 will increase from $100 billion annually to more than $200 billion this year. According to the association’s report, insurance losses will double in 2025. <\/p>\n
In particular, storms, floods, fires and lightning have damaged many of the insured physical structures, the report said. Not only climate change, but human decisions have also increased insurance losses, the report said. <\/p>\n
The cost of insurance is increasing due to the increase in reconstruction costs, rising inflation, affecting the supply chain and lack of labor. Similarly, problems in insurance expansion are having a major impact on economies due to the damage caused by natural disasters, according to the Geneva Association. <\/p>\n
Insurance expansion is slow, especially in Asian countries, the report said. The main reason for this is that countries do not pay attention to insurance and financial awareness. – Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Insurance losses from global natural disasters are expected to exceed $200 billion in 2025. The Geneva Association estimates that natural disasters in 2020 will increase from $100 billion annually to more than $200 billion this year. According to the association’s report, insurance losses will double in 2025. In particular, storms, floods, fires and lightning […]<\/p>\n","protected":false},"author":16,"featured_media":252280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45044,45159],"tags":[],"class_list":["post-252282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/252282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=252282"}],"version-history":[{"count":0,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/252282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/252280"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=252282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=252282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=252282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}