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Page 3 - Typhoon Saola News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hong Kong sees room for insurers to grow market for catastrophe bonds as climate crisis spurs record losses

Hong Kong is in a strong position to realise opportunities for the insurance sector in response to the climate crisis, Chief Executive John Lee says. ‘There is growing demand for alternative risk-transfer tools.’

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Insurance: Once-in-500-years rainstorm, Typhoon Saola incurred US$244 million of claims, the second- and fourth-highest on record in Hong Kong

Hong Kong’s insurance industry received a total of HK$1.9 billion (US$243.6 million) in claims related to damage caused by a devastating black rainstorm and Typhoon Saola in September, making them the second- and fourth -highest claims on record.

Letter: To prepare for disasters, Hong Kong must draw on a wider pool of stakeholders

Readers discuss how to improve the city’s emergency response system, and why the government needs to change its pro-business stance on telemarketing.

MACAU DAILY TIMES 澳門每日時報October gaming revenues surge as city benefits from Golden Week

MACAU DAILY TIMES 澳門每日時報October gaming revenues surge as city benefits from Golden Week
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