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BestWeek Asia/Pacific: Severe Quakes Reveal Coverage ‘Blind Spots’

January 27, 2012

HONG KONG--(BUSINESS WIRE)--The devastating earthquakes that struck in a number of locations in 2010 and 2011 revealed what reinsurer Swiss Re calls “blind spots” in catastrophe modeling and underwriting, according to an article in the current edition of BestWeek Asia-Pacific. One of the most severe blind spots was the tsunami that hit Japan following the March 11, 2011, quake, which surprised the insurance industry with the extent of its damage, Swiss Re’s Balz Grollimund told BestWeek Asia-Pacific.


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