Industry Segments: Catastrophe Page 32 / 53
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- March 23 2021
NSW floods: 11,700 claims filed and many more on way
Insurance Council of Australia notes that February 2020 rainstorms saw nearly US$800m pay-out.
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- March 22 2021
NSW floods to bring ‘significant’ commercial claims
Market sources tell IAN the loss situation is "dynamic" as Sydney dam overflows.
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- March 18 2021
Tower turns corner on Canterbury quake
New Zealand’s Reserve Bank halves the insurer's minimum solvency level to US$18m.
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- March 18 2021
Japan 1.4 wind hikes to top 7.5%: sources
IAN understands earthquake renewal rates are also set to climb by up to 5%.
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- March 15 2021
Q&A: Swiss Re Corp. Solutions’ Alex Pui talks sustainability
The Tokyo-based climate expert tells IAN that Asia is disproportionality vulnerable to secondary perils.
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- March 12 2021
Japan earthquake protection gap remains high: Swiss Re
A decade on from the Great East Japan Earthquake, many businesses still lack coverage.
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- March 12 2021
Hannover Re Asia GWP grows 24% to US$2.5bn
German reinsurer says 2020 was a “very good” year for South-East Asia.
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- February 19 2021
Recent Japan earthquake losses likely to exceed US$100m
Aon report says 7.1-magnitude tremor unlikely to be 'significant' industry event.
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- February 19 2021
Philippines sets Q1 target for nat cat facility
Domestics insurers are currently forced to look overseas for reinsurance.
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- February 11 2021
Philippines exploring additional regional catastrophe risk pools
The government has tried — and failed — to launch a reinsurance scheme to cover state assets.
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- February 5 2021
Perth bushfire losses surpass US$30m
The Insurance Council of Australia has declared a catastrophe for the affected communities.
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- February 3 2021
Queensland body calls for national reinsurance pool
Local government cites rising unaffordability of insurance in the north of Australia.
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- January 27 2021
Asia 2020 nat cats brought US$95bn in economic damage
Aon report shows that China, India and Japan accounted for more than half of the losses.
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- January 22 2021
Indonesia gets US$500m World Bank disaster loan
The government agreed a US$770m risk financing initiative with a consortium of (re)insurers in 2019.
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- January 22 2021
Indonesia quake to see minimal insured losses
In-country loss adjusters tell IAN only a small number of claims have been made so far.
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- January 19 2021
Data a key tool to mitigate climate risk: AFF 2021
Panellists highlight the difficulty in underwriting new green technologies such as solar panels and fuel cells.
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- January 17 2021
Climate, pandemic and social inflation drove 1:1 increases: Fitch
The upward pressure on prices was tempered somewhat by an abundance of capital.
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- January 13 2021
APAC accounted for 11% of 2020 global nat cat losses: Aon
Storm landfalls in less exposed areas of Japan, South Korea and the Philippines kept impacts low.
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- January 12 2021
Malaysia flood losses could rise to US$10m
In-country loss adjuster tells IAN few large commercial claims are expected.
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- January 11 2021
QBE ups 2021 nat cat allowance to US$685m from US$550m
Insurer says reinsurance terms came in better than it had budgeted for.
