Industry Segments: Catastrophe Page 54 / 58
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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.
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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.
