APAC and Africa account for 33% of US$120bn global nat cat losses: Munich Re
July 31 2024 by Heather Ng
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Nepal’s Air Dynasty helicopter crash leads to US$1.4m total loss
- August 8
The chopper was insured with Sagarmatha Lumbini Insurance, which already had four helicopter losses in the country in 2023, and Nepal Reinsurance is the reinsurer involved in the latest crash, IAN understands.
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Cyber wordings, limits set to tighten as CrowdStrike points to ambiguity in cover
- August 8
The industry needs to address accumulation risks, data gaps and further threats from large-scale events that are becoming more frequent.
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Kiwi insurers settle 96% of US$2.3bn in claims from Cyclone Gabrielle and Auckland flooding: ICNZ
- August 1
As of June 1, carriers have settled 112,746, of 118,037 claims valued and have so far paid out US$1.85bn (82%) for both events, with residential house claims at 96%, while contents and motor were 99% and 98% fully settled, respectively.
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Typhoon Gaemi triggers flooding and landslide in mainland China, leads to US$50m agri losses in Taiwan
- July 29
Hundreds of thousands of people have been evacuated in multiple provinces of China with hundreds of chemical and mining companies suspending operations and train services stopped.
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Rimkus, CCi, and Hargreaves Jones set for continued global growth under one brand
A series of successful acquisitions has extended Rimkus’ services and expanded its global footprint.
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Aviva Investors | Liquidity optimisation for insurers: Building a bespoke portfolio solution
In this in-depth case study, we look at how bespoke liquidity portfolios that take into account the interplay between different assets can suit the needs of insurers.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
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CCi | LEG3/06: A delay analyst’s perspective on defect exclusions
Tackling contentious issues by applying the learning from the industry’s collective experience is key to improving the claims experience, writes CCi’s Steven Horne.
