Industry Segments: Catastrophe Page 20 / 52
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- November 8 2022
Suncorp cat claims in Q1 hit about 50% of deductible
The Australian insurer said it expects its nat cat claim costs to be in the range of US$225m-US$263m between July and October 2022.
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- November 7 2022
RMS’ Michael Steel: ‘Committed to expanding APAC footprint in terms of models, perils and people’
In an IAN interview, the risk modeller’s global head discussed regional growth plans, climate change, the ILS market, cyber risks, ESG underwriting and the Moody’s merger.
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- November 1 2022
Typhoon Nanmadol losses expected at US$775m: Perils
Claims are lower than initially feared from the powerful Japanese storm.
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- November 1 2022
Perils decreases loss estimate for October 2021 Southern Australia storms
The final loss figure is US$621m, down from US$650m.
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- October 31 2022
Tropical Storm Nalgae wreaks havoc in the Philippines
Multiple buildings, crops, bridges and roads destroyed as storm continues in the South China Sea.
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- October 26 2022
Tower trials parametric cyclone cover in Fiji
While the island country is heavily exposed to cyclones, fewer than 10% of Fijian households have insurance.
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- October 26 2022
Australia formalises US$630m special disaster fund
The Labor government’s first budget announced additional measures to strengthen insurance framework.
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- October 25 2022
Analytics: APAC nat cat damage 43% below average for H1
Flooding in Australia/China and an earthquake in Japan accounted for nearly half of these losses.
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- October 25 2022
ICA estimates 9,251 insurance claims from ongoing floods
Record property damage, road, public infrastructure and sheer volume of water, likely says Victoria’s premier as rains continue.
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- October 19 2022
ICA escalates Australia floods to ‘insurance catastrophe’
Insurers have received 6,350 claims from across Victoria, New South Wales and Tasmania.
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- October 19 2022
Ongoing Australian floods unlikely to trigger reinsurance cover: S&P
Insurers will be largely able to finance the claims themselves, though there are more flood warnings as rain and thunderstorms spread to other states.
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- October 17 2022
Latest Australian floods declared ‘significant event’ by ICA
Suncorp said it received about 1,000 claims in total, mostly from Victoria, and that it expects the numbers to increase in the coming days.
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- October 14 2022
New Zealand’s August ‘weather bomb’ cost US$27m: ICNZ
Heavy rains in the South Island resulted in 3,165 general insurance claims.
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- October 12 2022
Australia bracing for major flooding in Victoria and Tasmania
There are also severe weather alerts for large parts of south-east Australia.
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- October 11 2022
Asia needs to deliver ‘acceptable level of profitability’: Mapfre Re’s Javier Sánchez Cea
The Spanish reinsurer has made Asian expansion, especially China, a priority but expects the market to improve margins.
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- October 11 2022
Australian weather bureau forecasts summer of ‘above-average’ cyclones
There is a more than 70% chance of 11 or more tropical cyclones during the severe weather season, which this year witnessed one of the costliest nat cat events.
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- October 7 2022
Japan non-life insurers have ‘stable’ outlook: AM Best
Higher loss ratios for motor insurance, personal accident and marine could impact insurers’ underwriting profitability.
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- October 6 2022
New Zealand’s revised seismic model shows earthquake hazards have risen
On average the likelihood of an earthquake has increased 50% or more across the country.
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- October 4 2022
Eastern Australia braces for floods with severe weather warning
Rains are likely to lead to renewed river level rises across many flooded rivers in New South Wales, Victoria and southern Queensland.
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- October 4 2022
PingAn P&C bets on AI for nat cat risk reduction
The platform monitors local geographical and environmental data in real-time to send warnings to its clients.
