Asia cat exposure growth outpaces other regions as global annual losses top US$151bn: Verisk
September 4 2024 by Georgina Lee
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Typhoon Yagi inflicts US$1.6bn in damages to Vietnam, to impact GDP growth
- September 16
The super storm impacted 26 Vietnamese localities that collectively represent 41% of the country’s GDP and 40% of its population.
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Severe Typhoon Bebinca grounds flights, rail services and shut resorts as it lands in Shanghai
- September 16
The strongest to hit Shanghai in 75 years, the meteorological bureau warns of heavy downpour and flooding risks for Jiangsu, Zhejiang and Anhui provinces up to September 18.
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China braces for typhoon Bebinca as Yagi slaps US$11bn economic losses on Hainan: report
- September 13
The country’s meteorological bureau issued a blue alert for its 13th typhoon of the year warning of heavy rain in Zhejiang, and Shanghai. This followed local media reports pointing to escalating economic losses that super typhoon Yagi caused to Hainan.
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Typhoon Yagi likely to impact earnings of Vietnamese insurers: AM Best
- September 13
The reinsurance programmes will mitigate the impact on rated non-life insurers’ underwriting performance and would likely prevent capital events.
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Peak Re | Emerging Asia middle class: A catalyst for change
Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
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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.
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AXA XL | Energy transition in Asia: How AXA XL helps enable the region’s ambitious plans
Transitioning to low-carbon sources is about more than just substituting one type of energy for another, it requires restructuring the entire energy ecosystem and developing new ways to store energy from intermittent sources like solar and wind.
