Industry Segments: Catastrophe Page 1 / 60
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- April 10 2025
With wildfires becoming more intense, damaging and frequent, insurers eye new approaches to coverage
Events in South Korea and Japan highlight the rising threat of wildfire risks in areas and nations where they have traditionally been seen as a non-peak peril.
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- April 9 2025
New Zealand tornado short lived, few claims expected
Tornado hit the town of Levin on the country's North Island at around 7:45am on Tuesday.
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- April 8 2025
South Asia flooding reveals risk of erratic monsoon patterns: WTW
Rain gauges across South Asia recorded unusually high totals last year, including in New Delhi in India, Lahore in Pakistan, Kathmandu in Nepal and Cox's Bazar in Bangladesh.
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- April 8 2025
Cyclone Alfred becomes RACQ’s largest claim event, expects to cost US$120-133m
RACQ has received close to 18,000 claims following the event last month and has paid out US$7.5m.
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- April 3 2025
Thailand’s natural disaster risk profile stable after March earthquake: report
As the country, especially the central region, has a very low seismic hazard exposure, Allianz Ayudhya General Insurance said the event did not change the risk profile of the market.
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- April 2 2025
Petronas faces potential US$5m hit from Malaysia pipeline explosion
National energy company’s captive, Energas, provides up to US$18m of cover, IAN understands.
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- April 2 2025
Cyclone Alfred, north Queensland flood losses top US$751m
Insurers have received more than 105,000 claims following the two events at the start of 2025, according to the Insurance Council of Australia.
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- April 1 2025
Worst flooding in 50 years hits Australia’s western Queensland, over 100,000 livestock lost
State emergency services minister Dan Purdie says the area covered by water is 'double the size of Victoria'.
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- April 1 2025
Thai insurers set to halt free coverage in wake of devastating earthquake
Thai General Insurance Association president Somporn Suebthawilkul says insurers must reassess and adjust their strategies to manage growing risks from natural disasters.
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- April 1 2025
Megaquake in Japan’s Nankai Trough could cause US$2trn economic losses, kill 300,000
Government expert panel estimates about an 80% chance of a magnitude 8 to 9 earthquake along the tremulous seabed zone occurring within 30 years
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- April 1 2025
South Korea wildfire claims to ‘pour in’, Japan to see minimum insured losses
Some 48,000 hectares were burned in South Korea, with just over 1,000 hectares impacted in two Japanese prefectures.
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- March 31 2025
Myanmar’s protection gap exposed as 7.7-magnitude earthquake death toll tops 1,600
The financial burden from the damage to buildings, airports, roads and bridges, is likely to fall on businesses and the government as insurance penetration in the country remains very low.
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- March 28 2025
7.7-magnitude earthquake rocks Myanmar, leads to road and property damage in Bangkok
Earthquake also shook buildings and triggered evacuations in neighbouring Vietnam and southwest Yunnan province in China.
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- March 28 2025
With floods high on the list of perils in Asia, modeller gets its feet wet into China and Australia
JBA has announced a partnership with China’s Ping An Insurance and has also launched a new comprehensive Australian inland flood model.
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- March 27 2025
‘Damages snowballing’ as Korea’s worst-ever wildfire rages on
The fire in the country's southeastern Gyeongsang province has burned through more than 36,000 hectares as death toll rose to 27, destroyed hundreds of structures and affected multiple cities and towns.
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- March 25 2025
Cyclone Alfred losses estimated at US$1b: ARPC
Total cyclone pool coverage period for ex-Tropical Cyclone Alfred was close to 10 days at 237.5 hours, according to the Australian Reinsurance Pool Corporation (ARPC).
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- March 21 2025
Despite Typhoon Yagi losses, Hanoi Re to maintain strong capital buffers: AM Best
Global rating agency affirms insurer rating of B++ (good) for the reinsurer, with a stable outlook.
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- March 20 2025
Cyclone Alfred claims top 74,000, insurer extends pet coverage
Queensland remains the most affected area, with about 69,000 claims following the event earlier this month.
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- March 19 2025
Malaysia’s flood losses up 23.5% to US$207.5m in 2024: report
Losses, which equate to about 0.05% of the country’s nominal GDP, were mostly from home, while commercial losses were nearly flat year-on-year
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- March 18 2025
Cyclone Alfred insured losses to reach US$1.6bn, flood modeller predicts
JBA says 'previous concerns about a high number of severe wind damage claims were not realised' following the event earlier this month.
