Industry Segments: Catastrophe Page 22 / 46
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
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- October 13 2021
Tropical Cyclone Seroja loss revised downward to US$290m: Perils
The nat cat data provider's initial estimates put the cost to the insurance industry at US$318m.
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- October 7 2021
Victoria earthquake claims rise to A$147m: ICA
9,850 claims have been lodged to date with insurers so far.
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- October 7 2021
Australia’s nat cat costs on upward trajectory
Natural disasters cost Australia around A$38bn per year but this figure is set to rise significantly.
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- October 5 2021
China Re fires starting gun on Hong Kong ILS
The reinsurer is seeking retrocession cover for typhoon-related risk in the Greater Bay Area.
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- October 1 2021
Reinsurers not misreading climate risk threat, says GIC Re
Report says the reinsurance industry may have underestimated its exposure to severe weather events.
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- September 28 2021
UNDP launches insurance and risk finance facility
The initiative aims to protect vulnerable communities from socio-economic, climate and health-related disasters.
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- September 28 2021
MS Amlin acquisitions doubles MS&AD’s overseas business
The (re)insurer posted a US$380m underwriting loss due to Covid-related BI and event cancellation claims.
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- September 27 2021
NSW, Queensland floods loss estimate further revised downward
An initial A$1.06 billion hit has been lowered to A$751m.
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- September 24 2021
New Zealand insurers profitable despite nat cats
Report shows wildfires have also contributed to major claims along with heavy rainfall.
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- September 23 2021
Flood insurtech Previsico raises US$2.5m
The insurtech tells IAN it is currently targeting China and Hong Kong in the Asia Pacific region.
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- September 21 2021
Nat cat ILS in line for record year: Fitch
Issuance in H1 2021 was a first-half record of US$8.5bn with ESG bonds set to fuel future growth.
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- September 15 2021
February’s Fukishima earthquake claims rise to US$1.88bn: GIAJ
The industry association says the event has resulted in over 213,000 claims so far and has cost insurers nearly US$2bn.
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- September 15 2021
Asia nat cat costs double since 2010
Floods, earthquakes and typhoons have caused economic losses of around US$650 billion over the past decade.
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- September 14 2021
Hannover Re eyes APAC growth, stable 2022 renewals
The reinsurer says it has achieved and -- in some instances -- outperformed its initial profit targets in the region.
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- September 9 2021
CBIRC says motor insurance reforms meeting objectives
Regulator says auto insurance's share of the P&C market is nearing that of US and Japan after last year's regulatory changes.
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- September 9 2021
Australia’s insurers call for national approach on disaster recovery
ICA report says the removal of state taxes on insurance should boost coverage across the country.
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- September 8 2021
Fubon Insurance’s risk profile defined by geography: Moody’s
The Taiwanese insurer's operations in mainland China and Vietnam accounted around 10% of total revenue in 2020.
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- August 20 2021
Asia P&C reinsurance rates rise as nat cats, pandemic bite
A combination of government initiatives, ILS, nat cats, cyber risk and FDI regulations are set to fuel the market.
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- August 12 2021
China’s record floods dominate July’s Asia claims
Aon reports says US$1.7bn of insured losses is highest nat cat payout for the Chinese insurance industry on record.
