Disasters Could Cost Asia-Pacific Region $160 Billion Per Year by 2030, UN Warns

Economic losses to disasters in Asia and the Pacific could exceed $160 billion annually by 2030, the United Nations development arm in the region warned on Tuesday (24.4.18), urging greater innovation in disaster risk financing. The need is all the more pressing given that only eight per cent of region’s losses are insured, said the … More Disasters Could Cost Asia-Pacific Region $160 Billion Per Year by 2030, UN Warns