Farmers at a seedling base in Jianhe in China’s southwestern Guizhou province. Chinese insurers’ rising exposure to agriculture was of particular concern, according to Moody’s, because of increasing economic losses from floods and storms, as well as the companies’ underinsuring of this exposure. Photo: AFP
Farmers at a seedling base in Jianhe in China’s southwestern Guizhou province. Chinese insurers’ rising exposure to agriculture was of particular concern, according to Moody’s, because of increasing economic losses from floods and storms, as well as the companies’ underinsuring of this exposure. Photo: AFP

Chinese insurers are particularly vulnerable to climate-related losses, Moody’s says

  • Insurers’ earnings and capital volatility will increase because losses linked to climate change are unpredictable, rating agency says
  • Chinese insurance providers’ rising exposure especially to agriculture was of particular concern

Farmers at a seedling base in Jianhe in China’s southwestern Guizhou province. Chinese insurers’ rising exposure to agriculture was of particular concern, according to Moody’s, because of increasing economic losses from floods and storms, as well as the companies’ underinsuring of this exposure. Photo: AFP
Farmers at a seedling base in Jianhe in China’s southwestern Guizhou province. Chinese insurers’ rising exposure to agriculture was of particular concern, according to Moody’s, because of increasing economic losses from floods and storms, as well as the companies’ underinsuring of this exposure. Photo: AFP
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