Industry Segments: Catastrophe Page 21 / 52
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- October 3 2022
Analytics: Asian cat losses up 145% since 2017
Models show that (re)insurers should expect even higher losses as exposures rise, according to data provider Verisk.
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- September 30 2022
Nanmadol insured losses could hit US$6bn
Japanese cat bond issuers are under scrutiny as losses will likely attach some higher-risk reinsurance layers.
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- September 29 2022
Opinion: Australia’s natural disaster fund far from ‘ready’
The US$135m federal government funding should be matched and cross-country coordination improved, as the ICA demands.
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- September 28 2022
Typhoon Noru rips through South-East Asia as it moves to Thailand via Laos
After slamming the Philippines and Vietnam, the tropical storm is expected cause flooding along the Mekong river.
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- September 28 2022
Risk pools no panacea for Asia’s secondary peril threat
(Re)insurers need to improve risk selection and underwriting to cope with models that don’t have the same predictive power.
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- September 26 2022
Typhoon Noru threatens World Bank cat bond default: Plenum
Hundreds of hectares of rice fields and banana crops were destroyed in the Philippines, with the cyclone threatening Vietnam's coffee crop.
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- September 26 2022
Exclusive: Korean carriers DB, Samsung and Hyundai on the hook for Posco’s huge typhoon claims
DB Insurance provided the largest coverage to the steelmaker with around 17% exposure of the risk pool.
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- September 23 2022
Market braces for Nanmadol loss creep
Secondary perils could play a major role after mid-single digit billion loss estimates.
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- September 19 2022
Strong Taiwan earthquake triggers widespread infrastructure damage
Buildings, railway lines and bridges have all been impacted in the epicentre, Taitung county.
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- September 19 2022
‘Violent’ Typhoon Nanmadol causes havoc across Japan
The third-strongest typhoon to make landfall since records began is moving northeast raising flood warning in Tokyo.
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- September 19 2022
Chinese P&C carriers ‘step up coverage’ as extreme weather looms
With urban flood damage estimated to rise to US$77bn in 2030, insurers are diversifying from motor to property and agriculture lines, Morgan Stanley report.
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- September 16 2022
New Zealand on course for record extreme weather claims after US$26m July hit
Total claims at the end of July were US$147m, compared to US$195m in the whole of 2021, according to the ICNZ.
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- September 14 2022
Insurers’ ESG reluctance holding back Asia greening agenda
Market players need to find better ways of underwriting new projects that they don't fully understand.
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- September 14 2022
Rising cat claims force APAC governments to partner reinsurers: S&P
Government-backed cat pools and widening agri cover are seen as ways to maintain affordability.
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- September 13 2022
Eastern Australian floods insured losses reach US$4.33bn: Perils
The figure is around US$960m higher than the data specialist's last analysis, making it the costliest cat loss event in the country ever.
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- September 12 2022
Losses mount from nat cats in Korea, Pakistan, China and India
An earthquake, a typhoon and two serious flooding events are triggering a large volume of claims.
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- September 7 2022
Supply squeeze pushing up Asia nat cat treaty pricing
After TMK and Axis Re exits, hardening market drives cedants to alternatives such as ILS, parametric or structured solutions.
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- September 2 2022
Analytics: Inflation and climate change ramp up pressure on APAC reinsurers
A confluence of issues is leading to higher nat cat claims and reserve deficiencies.
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- September 1 2022
Australian east coast flood losses hit US$3.61bn: ICA
The government launches new body to improve nat cat responses as annual disaster costs expected at US$50bn by 2060.
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- August 29 2022
‘Unprecedented’ Pakistan flooding triggers US$10bn damage
Large P&C carriers such as Adamjee Insurance and United Insurance could see significant claims.
