South Korea allocates record US$1.38bn for unprecedented Yeongnam forest fires
May 6 2025 by InsuranceAsia News
-
Myanmar, China earthquakes push Q1 global insured losses to second-highest on record: Aon
- April 25
Losses resulted primarily from the California wildfires, with the total significantly higher than the 21st-century Q1 average of US$17bn.
-
South Korea to expand insurance coverage for uninsured crops following wildfires: report
- April 21
Government plan to introduce US-style disaster guarantee system for small farmers and forest crops.
-
Insurance claims from South Korea wildfires near 5,000, mostly for crops: report
- April 14
Insurers have paid out at least US$131,800, while assessing damage for crop-related claims is expected to take time.
-
South Korea wildfire claims to ‘pour in’, Japan to see minimum insured losses
- April 1
Some 48,000 hectares were burned in South Korea, with just over 1,000 hectares impacted in two Japanese prefectures.
-
Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
-
Sedgwick | Asia’s Energy Transformation – Balancing Growth, Risk and Renewables
Energy market presents unique risks, especially in a region which includes China and Japan as well as developing nations like Vietnam and the Philippines.
-
Beazley | Turbulent Waters: the maritime energy transition challenge
Businesses are facing a complex transition to non-carbon energy sources amid a push to achieve net-zero emissions for the marine sector by 2050.
-
Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
