Cyclone Alfred payouts top US$1.5m as claims surge 50%
March 12 2025 by Andrew Mullen
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Opinion: As APAC’s nat cat bill rises along with the nerves of insurers, is it time for governments to lend a hand?
- March 12
Commercial (re)insurance market across Asia-Pacific faces an increasing severity and frequency of climate-related risks, which are seen as the defining challenge of our time, with stakes particularly high for the region.
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Cyclone Alfred claims ‘spike’ to over 22,000 as clean-up begins
- March 11
Majority from Queensland, according to the Insurance Council of Australia, with claims from New South Wales set to increase in coming days.
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‘Significant’ claims in the thousands expected from Cyclone Alfred, could add to premium pressure despite downgrade
- March 11
Impact zone of 'wide-ranging event' spans over 500km, covering heavily populated areas between southeast Queensland and parts of northern New South Wales, with over 9,000 claims already lodged.
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PCRIC makes US$45,000 parametric payout on coral reef cover in Cyclone Rae aftermath
- March 11
Payment to an NGO in Fiji will be used for reef clean-up and restoration activities and community livelihood support hit by the tropical cyclone.
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Allianz Life Malaysia | Reaching for excellence through empowering people
Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
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WTW | Navigating a complex world with endless possibilities
Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
