Effective insurance coverage for emerging countries
Insured and economic losses caused by natural catastrophes around the world are on the increase. Due to rapidly rising living standards, excessive urbanisation and the consequences of climate change, some emerging countries are particularly affected. Current studies have concluded that insurance protection makes an important contribution to speeding up economic recovery after natural catastrophes.
Emerging countries are especially exposed and impacted by natural catastrophes. In terms of economic output, losses from natural catastrophes in emerging countries are greater than in industrialised countries. Current studies have shown that emerging countries with a low insurance density may suffer long-term setbacks to prosperity.