Hong Kong is keen to support economies in mitigating risks arising from natural disasters and will enhance its expertise in managing financial losses from such perils, the head of the …
China could see robust growth in catastrophe bonds, or cat bonds, as policymakers seek more financial tools to share the risks from losses from natural disasters, as climate change increases …
Typhoon Doksuri, which triggered extreme flooding across China last summer, was one of the costliest natural disasters worldwide in 2023, leaving a multibillion-dollar shortfall in insurance coverage, according to experts. …