Industry Segments: Catastrophe Page 19 / 45
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- March 7 2022
Insurers continue to count cost of Australia’s floods
Filed claims now at more than 86,700, according to March 7 data from the ICA.
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- March 4 2022
Flood claims in Queensland, NSW above US$650m: ICA
Over 60,000 claims have already been filed as the emergency continues.
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- March 3 2022
Reinsurers on alert as Australia flood claims projected to top US$1.45bn
The Queensland and NSW floods could become one of the costliest nat cats in the country's history.
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- March 2 2022
Claims top 30,000 as Australia floods worsen
NSW premier described the extreme weather as a 'one-in-a-1,000' year event.
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- March 1 2022
Australian market counts cost of ‘unprecedented’ flooding
Parts of Queensland and NSW impacted, with Suncorp reporting US$54m of claims already.
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- February 22 2022
ICA warns disaster funding needs doubling
All Australian governments also need to collectively lift funding over the next five years.
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- February 21 2022
Vietnam joins South-East Asia disaster facility
Seadrif membership helps with the likes of risk modelling and risk management.
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- February 16 2022
Profits at Japan’s ‘big three’ bounce back
MS&AD, Sompo and Tokio Marine had a strong first nine months both in Japan and in their Asia subsidiaries.
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- February 11 2022
IAG profit boost despite cat miss
Aussie giant's premiums grew to US$4.58bn in H1 2022 as intermediated division saw 9% price increases.
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- February 10 2022
Hong Kong’s ILS market held back by low P&C penetration
Expect more deals - eventually. It will just take time, say experts.
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- February 9 2022
Tokio Marine makes strategic investment in cat specialist ICEYE
The two firms will collaborate on claims and nat cat products.
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- February 9 2022
Aussie climate tech firm FloodMapp raises US$6m
The funding round for the cat modeller was led by Union Square Ventures’ Climate Fund.
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- February 8 2022
Suncorp’s profit dips as H1 nat cat claims soar
Insurance arm in Australia saw profits fall by more than half to US$81.3m.
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- February 8 2022
Tackling Australia’s affordability crisis won’t be easy
Government signs off reinsurance pool design days after prudential regulator lists 2022 priorities.
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- February 3 2022
Asia cat modelling ripe for insurtech funding
After recent fundraisings at Reask and Descartes Underwriting, expect more over the next 12 months.
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- January 26 2022
Typhoon Rai triggers US$52.5m cat bond payout for Philippines
Following a wind metric, another calculation for the World Bank instrument will look at precipitation.
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- January 19 2022
Malaysia’s insurers continue to count costs of December floods
Crawford has dealt with over 1,500 claims and has been using virtual surveys during the pandemic.
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- January 18 2022
Market raises concerns over Asia secondary perils pricing
Inadequate models are putting pressure on underwriting results, say market participants.
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- January 14 2022
Climate crisis dominates Asia’s risk outlook
Nat cats caused US$50bn of losses in APAC in 2021, as WEF says top five risks are linked to climate change.
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- January 13 2022
Typhoon Rai triggers thousands of claims for Philippines’ adjusters
Major damage to a hospital, a grain silo firm and beach resorts will lead to millions of dollars in payouts.
