US EditionWildfires and Floods Caused Billion-Dollar Economic Loss in Asia Pacific in the first quarter of 2025: Aon Report
- Aon plc released its Q1 2025 Global Catastrophe Recap showing billion-dollar losses from wildfires and earthquakes in the Asia Pacific region.
- This report follows $74 billion in natural disaster losses in APAC during 2024, driven mainly by flooding and severe storms like Typhoon Yagi and the Noto Earthquake.
- Notable first-quarter 2025 events include deadly wildfires in South Korea causing 31 deaths and over 7,700 structures lost, plus a costly March earthquake in Myanmar with thousands of fatalities.
- George Attard, Aon's APAC reinsurance CEO, highlighted that the powerful earthquake in Myanmar resulted in over 5,400 fatalities and extensive damage to buildings and infrastructure.
- The continued high protection gap, reaching 95 percent in APAC, highlights the urgent need for improved risk management tools and collaborative mitigation strategies.
11 Articles
11 Articles
Denver Gazette
Wildfires and Floods Caused Billion-Dollar Economic Loss in Asia Pacific in the first quarter of 2025: Aon Report
Q1 data follows $74B economic loss in Asia Pacific from natural disasters in 2024Earthquake in Myanmar estimated to be the costliest event of the year so far, with only a fraction insured
Asia-Pacific Suffers Billion-Dollar Losses from Climate Disasters in Q1 2025: Aon
SINGAPORE - Media OutReach Newswire - 14 May 2025 - Aon plc (NYSE: AON), a leading global professional services firm, published Asia Pacific (APAC) insights from its Q1 Global Catastrophe Recap – April 2025, which analyzes the natural disaster events that occurred worldwide during the first quarter of 2025. During this period, the APAC region experienced significant wildfire activity, particularly in South Korea and Japan. South Korea faced dev…
Wildfires and Floods Caused Billion-Dollar Economic Loss in Asia Pacific in
Q1 data follows $74B economic loss in Asia Pacific from natural disasters in 2024 Earthquake in Myanmar estimated to be the costliest event of the year so far, with only a fraction insured SINGAPORE – Media OutReach Newswire – 14 May 2025 – Aon plc (NYSE: AON), a leading global professional services firm, published Asia […]
Wildfires and Floods Caused Billion-Dollar Economic Loss in Asia Pacific in the first quarter of 2025: Aon Report - The Bruneian
Q1 data follows $74B economic loss in Asia Pacific from natural disasters in 2024 Earthquake in Myanmar estimated to be the costliest event of the year so far, with only a fraction insured SINGAPORE - Media OutReach Newswire - 14 May 2025 - Aon plc (NYSE: AON), a leading global professional services firm, published Asia
Wildfires and Floods Caused Billion-Dollar Economic Loss in Asia Pacific in the first quarter of 2025: Aon Report - European Business & Finance Magazine
Q1 data follows $74B economic loss in Asia Pacific from natural disasters in 2024 Earthquake in Myanmar estimated to be the costliest event of the year so far, with only a fraction insured SINGAPORE – Media OutReach Newswire – 14 May 2025 – Aon plc (NYSE: AON), a leading global professional services firm, published Asia Pacific (APAC) insights from its Q1 Global Catastrophe Recap – April 2025, which analyzes the natural disaster events that occu…
Wildfires and Floods Caused Billion-Dollar Economic Loss in Asia Pacific in the first quarter of 2025: Aon Report - Brand Spur
Q1 data follows $74B economic loss in Asia Pacific from natural disasters in 2024 Earthquake in Myanmar estimated to be the costliest event of the year so far, with only a fraction insured SINGAPORE – Media OutReach Newswire – 14 May 2025 – Aon plc (NYSE: AON), a leading global professional services firm, published Asia Pacific (APAC) insights from its Q1 Global Catastrophe Recap – April 2025, which analyzes the natural disaster events that occu…
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