Wednesday, September 20, 2017

Catastrophe

Global insured losses fall to half 10-year average

Global insured losses fall to half 10-year average

Total global insured losses for the first six months of 2015 dropped to half 10-year average of US$29bn, says Swiss Re.

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Tianjin blast likely to produce large claims

Tianjin blast likely to produce large claims

An explosion in the city’s port district has killed dozens and caused hundreds of millions of dollars of damage.

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Only 10% of Taiwan’s cars insured against storms

Only 10% of Taiwan’s cars insured against storms

Typhoon Soudelor wrought havoc in Taiwan, but only a fraction of vehicles in the country are insured for storms.

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Malaysia’s life insurers settle all MH370 claims

Malaysia’s life insurers settle all MH370 claims

The Life Insurance Association of Malaysia has said that a total of M$16.9m was paid to the victims’s families.

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Japan insurers seek 19% hike in earthquake premiums

Japan insurers seek 19% hike in earthquake premiums

The new increase could take effect by January 2017 but will be introduced in phases.

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Typhoon Chan-hom claims predicted at US$350m

Typhoon Chan-hom claims predicted at US$350m

Insured losses are unlikely to exceed US$354.3m, according to AIR Worldwide’s catastrophe risk modelling.

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Deaths from natural disasters up sharply

Deaths from natural disasters up sharply

Munich Re biannual review supports industry’s claim that much of the world continues to be under-insured.

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Guy Carpenter hails Panda bond as “historic”

Guy Carpenter hails Panda bond as “historic”

Cat bond exemplifies the benefits of convergence between reinsurance and capital markets, says David Priebe.

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Chinese monsoon losses almost US$4bn in June

Chinese monsoon losses almost US$4bn in June

The amount is the largest impact of the month, according to Aon Benfield’s Impact Forecasting unit.

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China leads the way on catastrophe risk

China leads the way on catastrophe risk

China’s Panda bond is an important step in developing better tools for transferring risk—and should also serve as a model for India.

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China Re set to launch first Chinese earthquake catastrophe bond

China Re set to launch first Chinese earthquake catastrophe bond

Bond is expected to be launched today and will provide cover to debut sponsor China Re on an indemnity basis, according to sources.

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Japan raises quake insurance premiums

Japan raises quake insurance premiums

Commencing Jan 2017, premiums to be raised by an average of 19%.

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SUMMER 2017

House of cards

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