DISASTER RISK SENDAI FRAMEWORK COUNTRIES & REGIONS THEMES HAZARDS RESOURCES
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China

China looks to insurance to stem mounting disaster loss

21 Apr 2017, TRF

When heavy rains triggered floods in China last year, the damage resulted in overall losses of $20 billion - making it the world's second costliest disaster in 2016. Yet with only 2 percent of that insured, many communities and businesses in central and southern China are still struggling to rebuild without the help of an insurance payout.





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Officially declared national coordinating multi-sectoral and inter-disciplinary mechanisms for advocacy, coordination, analysis and advice on disaster risk reduction.