Industry Segments: Catastrophe Page 24 / 53
-
- July 28 2022
Australia floods and Japan earthquake lead H1 2022 APAC insured losses: Aon
The total costs of the two disasters totaled US$6.2bn in insured losses.
-
- July 27 2022
Fire and liability losses drive APAC claims burden
Inflation is set to add to a costly claims' environment of rising property values and extreme weather.
-
- July 22 2022
IAG returns to profit in FY 2022, but records US$245m nat cat miss
The insurer strengthened prior reserves by US$119m in part due to claims inflation.
-
- July 14 2022
Australia’s PM unveils climate plan as NSW flood claims approach US$100m
Anthony Albanese highlights large scale renewable energy plan, as over 12,000 claims lodged from recent flooding.
-
- July 11 2022
New South Wales flooding claims top US$65m: ICA
The latest flooding in the state is another significant loss event for insurers.
-
- July 8 2022
Down to the wire Australian renewals signal market shift
In fraught negotiations, reinsurers adapt to higher frequency of secondary perils and climate change.
-
- July 7 2022
Time to learn from Australia’s unmitigated disasters
As insurers' budgets come under pressure and nat cats intensify, mitigation needs to be prioritised.
-
- July 6 2022
IAG extends Munich Re quota share, finalises FY 2023 reinsurance
IAG will have a maximum event retention of US$92m, allowing for quota share arrangements.
-
- July 6 2022
Australian market hit by ‘significant’ NSW flood event
Tens of thousands asked to evacuate in fast moving, dangerous situation.
-
- July 5 2022
China explores parametric expansion after costly floods
Henan is the latest province to trial the cat innovation after payment was triggered in Guangdong last month.
-
- July 4 2022
Suncorp ups FY 2023 cat allowance to US$800m amid more NSW bad weather
At the 1.7 renewals, Suncorp saw reinsurance premiums increase “significantly".
-
- July 4 2022
Australia renewals much ‘tougher’ and ‘later’: Gallagher Re
The floods in NSW and Queensland contributed to price increases of up to 25%.
-
- July 1 2022
China’s Henan province launches pilot cat scheme
Local government wants to boost protection in six cities after dramatic floods last year.
-
- July 1 2022
Mixed reaction to Australia’s cyclone pool modelling data
There are potential premium savings of 38%, but up to 24% of Queensland homeowner policyholders could see rises.
-
- June 29 2022
Australia’s Feb, March floods now third costliest nat cat: ICA
The floods in Queensland and New South Wales have caused over US$3.3bn of insured losses.
-
- June 23 2022
IAG’s NRMA Insurance hit by 30,000 claims from Feb, March floods
54% of Australians worried their property will be damaged by wild weather within 12 months.
-
- June 22 2022
Perils expands cat data to Japan wind and flood
The firm will use data from most of the country's P&C players which provided 'strong support'.
-
- June 21 2022
Over US$28m insured loss caused by Guangdong severe storms: report
PICC and Ping An are facing millions of claims payments respectively.
-
- June 21 2022
Appraisal of Malaysian floods boosts case for digital claims
With 90% of economic losses uninsured more is required to persuade homeowners to buy cover.
-
- June 17 2022
APRA grants Australian Reinsurance Pool Corporation authorised reinsurer status
The new cyclone reinsurance pool is expected to start in July.
