Industry Segments: Claims Page 17 / 45
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- January 31 2023
Asia trade credit market hardens, prepares for insolvencies
Higher demand and prices are helping insurers buffeted by supply chain disruptions, economic headwinds and less government support.
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- January 31 2023
Quiet Western Northern Pacific typhoon activity saw ‘manageable’ 2022 damage: Gallagher Re
The combined insured losses from typhoons Nanmadol and Talas in Japan were around US$935m.
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- January 30 2023
Suncorp, Tower and IAG assessing over 9,000 claims from historic Auckland flooding
As assessors fly in from Australia, many more claims are expected after record rainfall on January 27 caused widespread damage.
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- January 27 2023
S&P lowers Toa Re’s rating to A after large Covid and cat claims
The Japanese reinsurer made a loss in the first half of the current fiscal year and its combined ratio has exceeded 100% for four consecutive years.
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- January 26 2023
Malaysia’s market braces for claims amid severe floods
Over 12,000 people have been displaced by significant flooding in Johor, Sabah and Pahong.
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- January 26 2023
APAC insured nat cat losses hit US$11bn in 2022: Aon
Australia made up a third of the losses which were below the US$15bn annual average in the 21st century as regional tropical cyclone activity reduced.
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- January 26 2023
Opinion: Australia’s (re)insurers are testing the limits of climate change
As the outlook worsens, the sustainability of the market picking up most of the risks might be called into question.
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- January 10 2023
Claims rise as Western Australia rebuilds after ‘worst flooding in history’
Nine emergency flood warnings are in place for South Australia as rainfall continues from Cyclone Ellie.
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- January 3 2023
New Zealand urges homeowners to buy property cover after record 3,300 claims
The Earthquake Commission said that event claims in 2022 doubled over the last four years.
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- December 21 2022
Australian carriers seek cyclone pool clarity
The scheme's failure to take off risks worsening affordability of property cover in northern Australia, finds competition regulator.
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- December 16 2022
Opinion: RACQ exit rumour calls into question CTP scheme
Demands for an overhaul of the state’s motor insurance framework have resurfaced with the reports of a possible sale of the club’s motor arm.
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- December 15 2022
New Zealand 2022 extreme weather claims top US$216m
The country experienced “wave after wave of extreme wet weather” during the warmest and wettest winter on record.
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- December 15 2022
Indonesia wants nat cat cover for certified buildings after West Java earthquake
In November a 5.6-magnitude earthquake rattled the city of Cianjur killing more than 330 people and damaged thousands of homes.
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- December 7 2022
Kroll snaps up energy sector valuation consultant AVC
AVC has operations in Thailand and offers technical claims support across APAC.
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- December 7 2022
AGCS appoints Asia financial lines claims manager
Fiona Tom, who has previously worked at Aon, has relocated from Sydney to Singapore for the role.
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- December 7 2022
Japan, Korea and China stable as global P&C outlook turns negative: Moody’s
In most regions across the globe claims inflation is hurting underwriting profitability.
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- December 2 2022
2022 nat cat bill reaches US$115bn: Swiss Re
It's the consecutive year in which estimated global insured losses are more than US$100bn.
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- November 30 2022
Australia floods: insurers settle US$2.37bn in 2022 claims
About 69% of the 237,000 claims raise this year have been settled to date, according to data from the Insurance Council of Australia.
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- November 30 2022
Tokio Marine-backed ICEYE in Asia nat cat data push
The Finnish satellite tech provider, which offers disaster claims management services, is looking to expand beyond Australia and Japan.
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- November 24 2022
Tower’s FY 2022 COR improves to 90.1% but profits slip
The company said the strengthening of Canterbury earthquake reserves and a customer remediation provision impacted results.
