low insurance penetration

• Insured Losses for Typhoon Nesat Expected to Be Under $50M

  By Staff Writer  |  September 30, 2011

  After making two landfalls on China, insured losses from Typhoon Nesat are expected to remain below $50 million due to low levels of damage and low insurance penetration, according to catastrophe modeler Eqecat.

• Industry Must Prepare For Rating Agency Asian Catastrophe Focus

  By Staff Writer  |  November 11, 2010

  Insurers and reinsurers should prepare for higher rating agency scrutiny of catastrophe risk in Asia, and many companies will have to make substantial

• Typhoon Megi Could Affect Numerous Chinese Industries, Modeling Firm Says

  By Chad Hemenway, PropertyCasualty360.com  |  October 25, 2010

  Modeler EQECAT said Typhoon Megi is expected to cause $500 million to $1 billion in economic damages in China after having causing extensive damage and 27 deaths earlier in the week in the Philippines.

• Typhoon Megi Could Affect Numerous Chinese Industries

  By Chad Hemenway, PropertyCasualty360.com  |  October 21, 2010

  Modeler EQECAT said Typhoon Megi is expected to cause $500 million to $1 billion in economic damages in China after having causing extensive damage and 27 deaths earlier in the week in the Philippines.

• China Floods Cause Economic, But Not Insured, Losses

  By Katharine Rose  |  August 12, 2010

  Severe flooding in China this summer has caused massive destruction and tens of billions of dollars in damage, but is unlikely to have a large impact on the insurance industry, Guy Carpenter's Instrat unit said.

• Turkey Quake Kills 51, But Insured Loss Seen As Low

  By Damir Grago  |  March 8, 2010

  A magnitude 5.9 earthquake in Turkey's eastern province of Elazig has killed 51 people, but the insured losses should be light, a catastrophe modeling firm reported.