Industry Segments: Catastrophe Page 48 / 52
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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.
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- October 7 2016
Insurer powers Formula E debut in Hong Kong
The data-crunching expertise of an insurance company will be helping two of the Formula E cars in Hong Kong this weekend.
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- October 3 2016
Typhoon Meranti losses could hit US$650m in China
Intense rains and damaging winds caused widespread power outages, flooding and disrupted water supplies.
