Industry Segments: Catastrophe Page 42 / 46
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- March 30 2017
Insured losses from disasters hit four-year high
The amount of insured losses from disasters increased by US$38 billion in 2016, says Swiss Re.
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- March 17 2017
ADB to expand disaster support for Philippines via insurance
The Asian Development Bank is exploring disaster insurance options for one of the countries most vulnerable to natural disasters.
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- February 23 2017
Insurance initiatives among Apec agenda in Vietnam
Representatives from 21 economies acknowledged that Asia is among the areas most vulnerable to natural disasters.
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- January 10 2017
Malaysian insurers ready payments for flood losses
The country's insurers are prepared to meet claims as seasonal flooding has displaced thousands of people.
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- January 6 2017
Cost of global natural disasters highest since 2012
Last year's costs were led by earthquakes in Japan, floods in China and wind storms in the Atlantic.
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- January 5 2017
IAG keeps catastrophe reinsurance at US$7bn
Even after the reduction of its commercial portfolio, the Australian insurer has maintained coverage levels.
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- December 19 2016
Indian insurers may raise premiums in cyclone-prone areas
Insurers are considering raising premiums for properties located in low-lying areas on India's east coast.
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- December 19 2016
2016 disasters cost US$158bn, says Swiss Re
Insured losses rose by 30%, but covered less than a third of the costs incurred from catastrophes.
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- December 9 2016
Insurers failing on climate risk
The sluggish response toward climate risk has left an annual US$100 billion gap of uninsured losses.
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- November 30 2016
Japan’s quake cover remains low
Penetration rates remain surprisingly low despite being one of the most seismically active countries in the world.
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- November 24 2016
XL Catlin launches emergency security, disaster solution
The solution is tailored for businesses in Asia and is underwritten out of HK, Singapore, London and Guernsey.
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- November 18 2016
Future disasters to cost Vietnam $6.7b
About 60% of the country's land and 71% of its population are at risk of typhoons, tornadoes and floods.
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- November 16 2016
More cover needed to offset extreme weather losses
Massive global losses from extreme weather highlight the need to expand protection, says World Bank study.
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- November 8 2016
Australia pushes for regional calamity risk cover
The country is identifying areas where it may be able to encourage affordable disaster risk insurance.
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- November 4 2016
Indonesia urged to use cat bonds
The SE Asian nation is the latest country to be urged to transfer risk via capital markets.
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- October 27 2016
Philippines’ mandatory nat-cat insurance under review
The Philippines’ Insurance Commission will review the proposed compulsory catastrophe insurance cover.
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- October 17 2016
Global catastrophe market to grow 5.49%
Climate change and natural and man-made disasters will be a key driver for the market's continued growth.
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- October 14 2016
God and the protection gap
Some objections to buying insurance, such as "Inshallah", are particularly challenging for insurers to address.
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- October 14 2016
China flood losses huge but uninsured
Only 1.5% of US$38bn economic losses were covered by insurance, according to Aon Benfield.
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- October 11 2016
Cyclones in September cost global economy over US$4bn
In Asia, Super Typhoon Meranti was estimated to have cost US$2.4bn, mostly in China.
