Industry Segments: Catastrophe Page 47 / 52
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- September 22 2017
Macau insurers peg typhoon losses at US$362.5m
Typhoon Hato, which struck the casino city in August, caused economic losses of US$1.4bn.
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- September 15 2017
Eastern exposure
Climate change and the growth of coastal megacities is exposing Asia to increasing risk from windstorms.
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- September 13 2017
Irma’s insured losses revised down
From estimates up to US$60bn, forecast insured losses have been revised down to US$20bn-US$40bn.
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- September 13 2017
Hurricane Harvey highlights insurance protection gap
A significant proportion of the unprecedented flood losses generated by the hurricane will be uninsured.
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- September 12 2017
Hurricane Irma could cost up to US$65bn
The extent of destruction and economic impact will not be fully known for some time.
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- September 11 2017
GC Securities and Marsh launch ILS platform
The JV standardises the placement process for collateralised reinsurance and private catastrophe bond deals.
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- August 31 2017
Reinsurance industry braces for Harvey impact
Will the storm, the first major hurricane to make landfall in the US since 2005, bring an end to the soft reinsurance market?
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- August 31 2017
Willis Towers Watson hires P&C consulting head for S Asia
David Maneval will be responsible for developing the non-life insurance consulting practice across Singapore, Thailand, Indonesia, Malaysia and Vietnam.
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- August 30 2017
Japan insurers review regional risks
Leading nonlife insurers are re-evaluating damage risks to improve their premium pricing.
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- August 25 2017
JLT and Munich Re launch Philippines parametric product
The two companies will jointly develop and offer an insurance solution to cover typhoon risks.
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- August 21 2017
Insured losses from global disasters slump
First-half losses were down to US$23bn from US$36bn a year earlier, according to Swiss Re research.
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- August 15 2017
Philippines tests parametric scheme for disaster-prone provinces
The government has allocated US$20m to a pilot project that will offer quick-disbursing payouts based on a catastrophe model.
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- August 10 2017
Asia suffers US$10bn catastrophe losses in six weeks
The losses were recorded in July alone due to severe flooding, a catastrophe report from Aon says.
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- August 4 2017
New products needed to close protection gap, says MAS
New ideas are required to reduce the financial impact of natural disasters in Asia, says Singapore regulator.
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- July 21 2017
Global losses from disasters down in 2017
Economic losses were 56% lower than the 10-year average during the first half of the year.
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- June 23 2017
Reinsurance softening accelerates
Despite predictions that pricing would start to bottom out this year, the opposite is actually happening.
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- June 2 2017
Chinese counties to offer agri disaster insurance
The scheme is aimed at 200 pilot counties that are primarily engaged in planting rice, wheat and corn.
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- April 10 2017
Quake insurance system pushed in China
The system is being crafted to reduce the fiscal burden of the government from earthquakes.
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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.
