Industry Segments: Catastrophe Page 1 / 60
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- April 17 2025
Seadrif, PCIRC among risk pools to receive US$5.3m joint grant for climate and disaster risk financing and insurance
Global Shield Solutions Platform will provide funding to allow four risk pools globally to establish a learning network, create a global facility for risk data and analytics, and initiate an employee exchange programme.
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- April 17 2025
Premium hikes to boost Japan’s big four insurers’ domestic profitability: Moody’s
The profitability will improve gradually supported by fire and motor lines, which account for about 70% of net premiums written by Aioi Nissay Dowa Insurance, Mitsui Sumitomo Insurance, Sompo Japan Insurance and Tokio Marine & Nichido Fire Insurance.
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- April 17 2025
Cyclone Errol intensifies to category 4 as it heads for northwest Australia
The Australian Reinsurance Pool Corporation declared a cyclone event on Wednesday evening.
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- April 14 2025
Global reinsurers in good stead despite rising nat cat claims, tariff shocks: S&P
The sector will retain 60-65% of its 2025 nat cat budget, providing sufficient capacity to withstand additional events and still meet cost of capital, the rating agency said.
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- April 14 2025
Myanmar insurers temporarily halt new disaster coverage after quake: reports
Existing natural disaster insurance policies are allowed to be renewed and extended, but it remains uncertain when the sales of new policies will resume.
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- April 14 2025
Insurance claims from South Korea wildfires near 5,000, mostly for crops: report
Insurers have paid out at least US$131,800, while assessing damage for crop-related claims is expected to take time.
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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.
