Climate change to spur rising losses in Asia: Swiss Re
April 9 2020 by InsuranceAsia News
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Climate change puts 1.5m Australians at dire risk, warns first climate risk assessment
- September 15
Australians living in high-risk communities face increasing costs as a result of rising insurance premiums, with widening protection gaps as many areas become uninsurable, according to a governement report.
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Perils cuts Cyclone Alfred loss estimate to US$1.25bn
- September 12
Ex-Tropical Cyclone Afred struck Australia's Southeast Queensland and northeastern New South Wales in February and March, leaving over 300,000 homes and businesses without power.
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Wind tops weather risks for Australians after stormy winter: IAG
- September 10
Few protect their property despite Australia having 'some of the strongest and most variable winds in the world', according to a poll from IAG's NRMA Insurance.
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Australian carriers’ US$1.6bn reinsurance spend saves US$46bn in capital: Actuaries Institute
- September 5
A paper published by the institute noted Australian insurers have fewer choices when it comes to the range of reinsurance products they can use to gain regulatory credit.
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Peak Re | From climate modelling to market opportunity: Forging a new clarity on Southeast Asia’s climate risk
Southeast Asia's protection gap: a crisis of clarity, not just capital
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BHSI WICare+ | Accelerating Payments, Empowering Recovery
Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
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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.
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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.
