{"id":296171,"date":"2026-04-22T09:31:12","date_gmt":"2026-04-22T03:46:12","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=296171"},"modified":"2026-04-22T09:35:11","modified_gmt":"2026-04-22T03:50:11","slug":"inadequate-insurance-hurts-asia-pacific-economies-by-69-billion-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/inadequate-insurance-hurts-asia-pacific-economies-by-69-billion-2\/","title":{"rendered":"Inadequate insurance hurts Asia-Pacific economies by $69 billion"},"content":{"rendered":"<p>Kathmandu. Natural disaster losses in the Asia-Pacific region were estimated at $76 billion in 2025. Of this, only 10 percent, or $7 billion, was insured. This means that $69 billion worth of damage was not insured. <\/p>\n<p>According to Aon&#8217;s 2026 Climate and Disaster Insights report, Myanmar&#8217;s earthquake was the costliest event of 2025. As a result, there was a financial loss of $ 16 billion. Of that, only $1.6 billion was insured. <\/p>\n<p>A 7.7-magnitude earthquake killed nearly 5,500 people in Myanmar. It was the world&#8217;s deadliest natural disaster in 2025 after the 2023 Turkey-Syria earthquake and accounted for more than 20% of the Asia-Pacific region&#8217;s total economic losses. <\/p>\n<p>Floods in China, India, Pakistan and Southeast Asia caused significant damage to homes, infrastructure and agriculture, and many powerful cyclones left large numbers of people homeless. There was a huge loss of life and property. <\/p>\n<p>Although the overall economic losses were lower than the long-term average, the human impact was significant. This highlights the devastation that natural disasters can cause, even in years when overall destructive activity is low. <\/p>\n<p>At least 15 incidents in the Asia-Pacific region caused more than $1 billion in economic damage. In Japan, the economic damage from natural disasters exceeded $700 million. The insured damages amounted to about $29 million. As a result, the safety gap was about 59 percent. \u2013 Agency<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. Natural disaster losses in the Asia-Pacific region were estimated at $76 billion in 2025. Of this, only 10 percent, or $7 billion, was insured. This means that $69 billion worth of damage was not insured. According to Aon&#8217;s 2026 Climate and Disaster Insights report, Myanmar&#8217;s earthquake was the costliest event of 2025. As a [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":239338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45044,45159],"tags":[],"class_list":["post-296171","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\/296171","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=296171"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/296171\/revisions"}],"predecessor-version":[{"id":296172,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/296171\/revisions\/296172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/239338"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=296171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=296171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=296171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}