Wednesday, September 20, 2017

Catastrophe

Cyclones in September cost global economy over US$4bn

Cyclones in September cost global economy over US$4bn

In Asia, Super Typhoon Meranti was estimated to have cost US$2.4bn, mostly in China.

Read full article

Insurer powers Formula E debut in Hong Kong

Insurer powers Formula E debut in Hong Kong

The data-crunching expertise of an insurance company will be helping two of the Formula E cars in Hong Kong this weekend.

Read full article

Typhoon Meranti losses could hit US$650m in China

Typhoon Meranti losses could hit US$650m in China

Intense rains and damaging winds caused widespread power outages, flooding and disrupted water supplies.

Read full article

Sompo trials blockchain technology

Sompo trials blockchain technology

The Japan-based insurer has been testing the technology for its catastrophe and weather-linked derivative transactions.

Read full article

Global insurance rates at lowest since 2012

Global insurance rates at lowest since 2012

Marsh’s insurance index recorded the 13th consecutive quarter that global rates have dropped.

Read full article

Japan’s quake insurance contracts top 60%

Japan’s quake insurance contracts top 60%

There has been a surge in coverage since the March 2011 earthquake and tsunami that struck the Tohoku region.

Read full article

Global losses from disasters reach US$71b

Global losses from disasters reach US$71b

About US$31 billion of the damages were covered by the global insurance industry, up 44% according to Swiss Re.

Read full article

Only 2% of China flood losses covered by insurance

Only 2% of China flood losses covered by insurance

Economic losses from the recent Mei-Yu rainfall dwarfed the insurance claims, according to Aon Benfield.

Read full article

China sells first quake policy

China sells first quake policy

The country’s first earthquake insurance policy was recently sold in Tangshan province.

Read full article

Losses from disasters up in first half of 2016

Losses from disasters up in first half of 2016

Deaths from natural catastrophes decreased sharply worldwide during the first half of 2016, but financial costs increased.

Read full article

Can public-private initiative close protection gap?

Can public-private initiative close protection gap?

The recent International Insurance Society conference in Singapore marked a significant step for the Insurance Development Forum.

Read full article

AIR expands nat cat risk models for SE Asia

AIR expands nat cat risk models for SE Asia

Capital providers now have a complete and updated view of earthquake and typhoon risk models.

Read full article

Losses from Kumamoto quake near US$3bn

Losses from Kumamoto quake near US$3bn

Insurance and reinsurance losses continue to mount amid a late surge in claims payouts for damages.

Read full article

First parametric solution for Indonesian provinces

First parametric solution for Indonesian provinces

Aswata, Mercy Corps and Swiss Re introduce solution for microfinance institutions in Aceh and West Sumatra.

Read full article

Insurance Development Forum begins work in Singapore

Insurance Development Forum begins work in Singapore

Public and private sector participants engaged in eight working groups at the IIS Global Insurance Forum.

Read full article

Claims from global disasters in May hit US$7bn

Claims from global disasters in May hit US$7bn

Five separate instances of flooding in China contributed economic losses of more than US$1.5bn.

Read full article

Firms settle nearly 90% of earthquake claims in Nepal

Firms settle nearly 90% of earthquake claims in Nepal

Nepal’s insurance regulator says that claims worth US$107m have been settled out of an estimated US$156m of total claims.

Read full article

Japan quake insurance payouts rise to US$2.2bn

Japan quake insurance payouts rise to US$2.2bn

In just one week, insurance payouts for the Kyushu earthquakes in April have risen another 35%.

Read full article

Partner Content

White Papers

Follow InsuranceAsia News

Print Edition

SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers