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Global Insured Catastrophe Losses Expected to Average $171 Billion Annually: Verisk

By L.S. Howard The insurance industry should be prepared to withstand $171 billion in insured catastrophe losses on average in a given year, up $19 billion from a year ago, according to Verisk. In its highest annual estimate reported to …

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Upgraded but underperforming: Philippines’ growth lags behind

The Philippines’ rise to upper-middle-income status was supposed to mark a new phase for one of Southeast Asia’s most closely watched emerging economies. Instead, analysts say the milestone has done little to shield the country from short-term pressures weighing on growth: sluggish public spending, delayed infrastructure, high living…

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