THE news does not really come as a surprise, but it is still unnerving, coming as it does from a particularly credible source. In a study released on Wednesday, the Swiss RE Institute said the Philippines was the “most impacted” country in the world from “four major weather perils,” and by a margin of about eight times that of the second-most impacted country, the United States. What makes this dubious “World’s No. 1” even more remarkable for the Philippines is that only two of those perils are experienced here.
The Swiss RE Institute is the research arm of the Swiss RE Group, which describes itself as “one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer.” It is also one of the oldest, having been founded in 1863.
Source: www.manilatimes.net
