Industry Segments: Catastrophe Page 27 / 52
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- December 16 2021
Australia’s cyclone risk pool a first step
The US$7bn reinsurance scheme needs to be backed up by other initiatives to address a rapidly changing risk environment.
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- December 10 2021
New Zealand’s July storm bill hits US$96m: ICNZ
The association said this figure is a 15% increase from its previous report in September.
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- December 2 2021
Cyclone claims to rise unless house designs improve: ICA
New report says construction methods need updating amid an evolving climate change threat.
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- December 1 2021
Australia ups state flood mitigation funding by US$35m
Applications opened this week to access money from the country's National Flood Mitigation Infrastructure Program.
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- November 24 2021
Taiwan’s non-life players benefit from benign nat cat experience
P&C insurers have recorded a five-year average net combined ratio of 95.6%, according to AM Best.
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- November 23 2021
Lloyd’s launches retail parametric cyclone cover for Northern Australia
The initiative is led by Beazley with initial reinsurance support from Axa XL, Hiscox and RenaissanceRe.
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- November 22 2021
China Re’s underwriting result exposed to nat cats, motor reforms: AM Best
The reinsurer's domestic P&C business has been particularly impacted by deteriorating conditions in these two segments.
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- November 17 2021
US$22bn needed to protect coastal communities: ICA
The figure accounts for around 1.2% of all annual infrastructure spending by local, state and federal governments.
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- November 16 2021
SIRC 2021: Break siloes to harness Asia cat data
As the volume of data rises, experts say overcoming internal company challenges will be the key to effective usage.
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- November 16 2021
SIRC 2021: Swiss Re’s Ojeisekhoba talks climate risk, pricing
Conference told that the risk from secondary perils has increased in recent years.
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- November 15 2021
SIRC 2021: Singapore finance minister backs ILS
Lawrence Wong also urged delegates to act on climate change and support the nascent cyber market.
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- November 15 2021
Munich Re’s Park on climate risks, underwriting and transformation
James Park, the reinsurer's chief executive for Singapore and South-East Asia, warns on unmodelled risks.
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- November 12 2021
Insurtechs take on catastrophe protection
Tackling Asia’s US$134bn protection gap requires innovative approaches.
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- November 9 2021
IAG, Suncorp recalibrate cat claims after October hailstorms
Hannover Re's Australia head Michael Eberhardt tells IAN the revisions have come "very early" in the year.
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- November 2 2021
IAG raises FY 2022 nat cat claims estimate to near US$750m
The Australian insurer says its claims experience has been 'seasonally unexpected' amid recent severe storm and hail activity.
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- October 29 2021
ICA declares catastrophe as South Australia hit by severe storms
Over 12,000 claims have already been filed with the number expected to rise and "substantial" crop losses expected.
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- October 28 2021
NZ’s P&C stress tests highlight offshore capital reliance
Physical and transition risks from climate change will feature in future tests from the regulator.
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- October 27 2021
Suncorp sees up to US$370m nat cat claims in four months
The P&C player's full year natural hazard allowance is A$980m.
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- October 26 2021
Only 12% of Asia’s cat losses insured: AIR Worldwide
The region saw US$30bn of economic losses associated with natural catastrophes in September alone.
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- October 21 2021
New South Wales hailstorm triggers 2,000 claims: ICA
Losses are expected to run into the tens of millions of dollars.
