Heavy rains in Southwestern Asia reveal insurance shortfall

Dubai saw its heaviest rainfall in more than 70 years.

The economic impact of the recent severe weather across Southwestern Asia is expected to be significant, with initial assessments indicating losses in the hundreds of millions of US dollars. However, insured losses are projected to be lower due to relatively low insurance penetration, according to Aon’s Weekly Cat Report.

The full extent of the damage is still being assessed, with authorities urging continued vigilance and preparedness in the face of ongoing severe weather threats.

Areas affected were Afghanistan, Pakistan, Oman, the UAE, and other regions. The onslaught of heavy rainfall, storms, and widespread flooding has resulted in at least 166 fatalities, hundreds of injuries, and substantial material losses.

A deepening slow-moving trough led to elevated rainfall accumulation across the region. 

Extreme rainfall hit the eastern Arabian Peninsula last 14 to 17 April, with locations in the UAE and Oman recording more than 200 mm of rain in 3 days. Dubai experienced its heaviest rainfall since records began in 1949, resulting in significant flooding.

ALSO READ: Only six out of 10 said they are ready to handle business risks: Aon survey

Dubai International Airport was flooded, leading to the cancellation of over 1,200 flights. Transportation services were severely disrupted, with numerous cars, houses, and malls inundated. Power outages and water shortages were widespread.

Multiday rainfall totals exceeded 200 mm in Afghanistan and Pakistan, with some areas in Pakistan witnessing over 500 mm of rain in 7 days, causing severe flash flooding.

In Oman, deadly flash flooding claimed at least 20 lives, with many still missing. Northern regions were severely affected, with numerous people stranded in damaged vehicles.

Pakistan witnessed additional fatalities and structural damage to thousands of houses. Over 23,000 people were affected across various provinces, with significant losses to agriculture and livestock.