Kathmandu. In the first six months of 2025, natural disasters have damaged property worth $29 billion in the Asia-Pacific and African regions. However, only about $5 billion worth of assets have been insured.
According to a report released by Munich Relay, in the first six months of 2025, about $ 24 billion worth of uninsured property was damaged in these areas. A 6-magnitude earthquake in Taiwan’s Tainan has damaged property worth $1.3 billion. Of the damaged properties, only about $600 million were insured, the report said. Most of them belong to business and chip manufacturing companies.
Typhoons and floods in Queensland and New South Wales in Australia damaged property worth about $3.5 billion. The insured assets were only $1.4 billion.
Myanmar’s earthquake also caused $12 billion in damage. However, only a fraction of it was found to be insured, the report said.
According to the report, access to insurance has not yet been expanded in Asia Pacific, Africa and other regions. Due to lack of insurance, the economy has suffered a lot.
In the first six months of 2025, the global loss of natural disasters reached about $ 80 billion. This is the second largest loss compared to the same period in the 1980s.
