Topic: business continuity

APEC Enhances Disaster Resilient Trade

A string of costly earthquakes and extreme weather, including the acceleration of the Pacific typhoon season, has prompted new action in APEC to enhance economic security in the world’s most natural disaster-affected region.

Global Economy Suffers Worst April Natural Disaster Losses for 5 Years

The two major earthquakes that struck southern Japan during April, causing massive devastation and killing at least 66 people, with more than 4,000 others injured, are expected to result in total economic losses that could exceed JPY1.12 trillion (USD10 billion), which includes physical damage to residential and commercial structures, vehicles and infrastructure, and business interruption, according to the monthly Global Catastrophe Recap report released by Aon Benfield's catastrophe model development team.

Asia Suffers Most Losses From Disasters in 2015

Total economic losses from all disasters, including both natural and man-made events, were US$92 billion in 2015 (vs US$113 billion in 2014). Around US$80 billion were due to natural catastrophes, with the earthquake in Nepal causing the most damage.

Indian Economy Suffers US$3B Loss From Persistent Floods Amid Low Insurance Penetration

An enhanced North East Monsoon – almost certainly impacted by current El Niño conditions – brought weeks of torrential rainfall to southern India and Sri Lanka for much of November and early December, killing at least an estimated 386 people in the heavily impacted states of Tamil Nadu and Andhra Pradesh. The Chennai metropolitan region in India was particularly damaged by the event.