Industry Segments: Catastrophe Page 32 / 52
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- December 21 2020
2020 ends as fifth-costliest nat cat year
Asia's books mostly avoided big losses despite seeing many of the year's most extreme weather events.
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- December 21 2020
Kyushu floods, Typhoon Haishen losses hit US$1.7bn
GIAJ report shows nearly 190,000 claims filed as of December 3.
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- December 17 2020
Japan’s ‘non-lifers’ primed to defy negative outlook
Financial risks aside, 2021 offers potential for strong performance.
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- December 14 2020
Queensland’s October hailstorm losses reach US$927m: Perils
Market claims have surged since November.
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- December 4 2020
Vietnam claims to soar as nat cat toll hits US$1.3bn
Nine typhoons in the last two months have caused significant flooding to homes and businesses.
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- November 30 2020
NSW’s market on alert after bushfires and extreme heat
Summer started with an unwelcome combination over the weekend.
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- November 26 2020
MAS calls for more cooperation with China on catastrophe cover
Singapore’s regulator is targeting joint initiatives for flood-torn Chongqing.
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- November 26 2020
‘Significantly lower’ profits at Australia’s P&C players: APRA
It has been a tough 12 months for the sector as market enters perilous summer season.
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- November 24 2020
Tower agrees US$29.5m settlement with EQC
The compromise ends almost a decade of uncertainty for shareholders.
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- November 23 2020
New Zealand’s Ohau fire claims surpass US$24m
It was one of the largest wildfires in the country's history.
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- November 23 2020
Typhoon Vamco causes significant damage to the Philippines
There are numerous infrastructure claims associated with the storm.
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- November 18 2020
Vietnam sees tepid P&C growth as 13th typhoon hits
It has been a tough time for the sector despite a rapid response to Covid-19.
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- November 18 2020
Rates rise as Australia enters perilous summer nat cat season
La Nina, reduced capacity, expensive disasters and mitigation efforts are causing execs headaches.
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- November 17 2020
Bushfire season reignites as Bureau of Meteorology issues warning
A fire in Victoria, extreme heat and a damning scientific climate report see market on high alert.
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- November 17 2020
2019 Timaru hailstorm losses soar to US$117m: ICNZ
As the first year anniversary approaches, the claims bill is a significant increase over previous figures.
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- November 9 2020
Philippines and Vietnam suffer US$700m storm damage costs
McLarens and Total Claims Specialist have shared on the ground claims intelligence with IAN.
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- November 6 2020
Asian reinsurers’ reliance on retro likely to hit profits
As capacity shrinks, embracing alternative sources of capital is growing in importance.
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- November 4 2020
Queensland hailstorm claims soar as La Nina outlook worsens
It could be a long autumn and summer for insurers as losses reach US$140m.
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- November 2 2020
ICA: Queensland’s Halloween hailstorm is catastrophe
The weekend storm came the day after the Royal Commission sent in its final report on nat cats.
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- October 30 2020
“Warmer-than-average” NZ summer to heighten cyclone activity
The market is hoping there won't be a repeat of the losses incurred in the 2017/18 storm season.
