Insurer Aon has reported a protection gap between the $90bn of cover provided by private sector and government-sponsored insurance programmes and the $225bn in total costs, in its the year Weather, Climate & Catastrophe Insight for 2018. Aon’s Impact Forecasting team commented that catastrophe risks were evolving as a result of climate change and a combination of socioeconomic factors. The report broke down the 394 natural catastrophe events for annual, led by major cyclones and wildfire.
Insurer Aon has reported a protection gap between the $90bn of cover provided by private sector and government-sponsored insurance programmes and the $225bn in total costs, in its annual Weather, Climate & Catastrophe Insight for 2018. Aon’s Impact Forecasting team commented that catastrophe risks were evolving as a result of climate change and a combination of socioeconomic factors. The report broke down the 394 natural catastrophe events for the year, led by major cyclones and wildfire.