Australia’s 2024 insured nat cat losses top US$1bn: ICA
June 13 2024 by Ji Youn Lee
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Exclusive: Carriers staring at US$1bn+ losses from New Caledonia civil unrest
- July 4
QBE and Allianz’s estimated net exposure to the event have exceeded US$215m each from political violence in the French overseas territory near New Zealand, IAN understands.
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China Life P&C H1 cumulative claim payment rose 12% to US$4.6bn
- July 2
The P&C arm of the world's second-largest life insurer said the bulk of 2024 H1 cumulative claim payment came from motor insurance, as it settled US$88m in nat cat related claims.
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New Zealand Treasury set to review levy settings for Natural Hazard Fund
- July 1
The review comes amid a name change of the Earthquake Commission (EQC) as Natural Hazards Commission Toka Tū Ake,
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Korean battery plant fire claims likely to leave reinsurers unscathed
- June 27
The primary insurers, KB Insurance and DB Insurance, are expected to retain the losses from the blaze at the Aricell unit as property and liability claims are expected to be relatively low, InsuranceAsia News understands.
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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.
