Industry Segments: Catastrophe Page 36 / 53
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- July 13 2020
ICA responds to bushfire enquiry as claims reach US$1.63bn
Rob Whelan, ICA’s chief executive, believes there are too many taxes to help consumers afford cover.
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- July 10 2020
Japan’s majors to hike rates after paying out billions
Several years of major nat cats means price rises for fire insurance next year.
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- July 8 2020
Japan’s torrential July rainfall manageable for P&C players
Loss estimates not yet released from the wild recent weather but Moody's isn't too concerned.
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- July 7 2020
US$1.3bn market loss at peak of Australia’s bushfires: Perils
The provider has postcode level data for a seven day period of the 2019/2020 summer fires.
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- June 30 2020
China flood losses soar to nearly US$4bn
The country is bracing for more flooding on the east coast this week.
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- June 23 2020
Climate risk and Covid drive renewal pricing down under
Suncorp is most exposed among Australia’s top insurers ahead of July's reinsurance renewals.
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- June 19 2020
NZ’s EQC secures US$4bn reinsurance programme
The placement via Aon is considered a significant milestone given the country's earthquake risk.
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- June 18 2020
Swiss Re, Tata AIG partner in India for catastrophe scheme
The state-led parametric programme covers the current monsoon season.
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- June 17 2020
South China flood losses reach almost US$3bn
Intense rain and floods come as Beijing deals with a new Covid-19 cluster outbreak.
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- June 11 2020
Cyclone Amphan losses shoot up to US$15bn: report
Most of the damage is expected to be uninsured.
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- June 8 2020
Bushfire Commission issues warning to Australia’s market
The government, insurers and scientists look to address the country's huge climate risks.
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- June 2 2020
India to revisit nat cat pool following latest cyclone
Cyclone Amphan will likely trigger hundreds of millions of dollars in claims.
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- June 1 2020
Calm or choppy waters ahead? Asia’s storm season outlook
China Re and Guy Carpenter give their predictions after a testing few years.
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- May 28 2020
Philippines streamlines US$20bn nat cat reinsurance programme
The US$20bn protection scheme will be simplified and reopen for market bids.
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- May 27 2020
Claims’ community adapts as typhoon season ramps up
Covid-19 is forcing the use of technology during Cyclone Amphan and other major incidents.
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- May 27 2020
Australia’s bushfire commission commences
Climate scientists, IAG and a government committee teamed up for the first day of hearings.
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- May 25 2020
Cyclone Amphan likely to cost insurers over US$100m
The powerful storm is a worrying start to Asia's typhoon season.
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- May 20 2020
India and Bangladesh brace for super cyclone while in lockdown
The human cost may loom larger than insured losses from this storm.
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- May 14 2020
Learning from Japan’s heavy typhoon seasons
Leaders from Crawford, PartnerRe and Swiss Re reflect on two tumultuous years.
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- May 11 2020
Covid-19 forces Australia to delay financial reforms
Insurers have been provided much needed additional time to comply.
