Industry Segments: Climate Page 23 / 27
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- November 4 2020
Queensland hailstorm claims soar as La Nina outlook worsens
It could be a long autumn and summer for insurers as losses reach US$140m.
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- October 27 2020
Creeping hailstorm losses are Australia’s latest market challenge
As claims from one event reach US$430m - data, analytics and reinsurance are climbing the agenda.
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- October 27 2020
Japan’s 2050 carbon pledge to spur market into action
The nation is pivoting towards more committed climate policies, with huge implications for (re)insurers.
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- October 26 2020
IAG’s growth sluggish as outgoing Harmer flags “challenging” H2
The firm's incoming CEO will take the reins after an exceptionally tricky period.
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- October 13 2020
Expect “above average” and early Australia cyclone season: BOM
A La Nina weather system means the market needs to prepare for a wet six months.
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- October 6 2020
Axa’s Thomas Buberl warns on climate risk complacency
The market needs to balance the immediate threat of the pandemic with longer-term risks.
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- October 1 2020
Australia’s insurers brace for wet summer as La Nina declared
The weather pattern will have differing results depending on the part of the country.
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- October 1 2020
MS&AD, Tokio Marine reaffirm climate commitments
They follow in the footsteps of Sompo, who released a climate and coal policy last week.
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- September 24 2020
Sompo becomes first Japanese insurer to outline coal policy
But green groups say Japanese carriers are still lagging behind, with strong words for Tokio Marine.
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- September 16 2020
Flood claims in NZ approach US$50m from two events
Payouts for July's Northland floods have already exceeded February's Southland disaster.
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- September 9 2020
Guy Carpenter targets Indonesia’s growing flood risk
APAC CEO Tony Gallagher says it impacts thousands each year, with significant cover gaps.
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- September 2 2020
Typhoon Maysak threatens South Korea’s Busan
The market is bracing for claims over the next few days.
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- September 1 2020
Australia Bushfire Commission: “Tough reality ahead” for market
More extreme summers and large losses are in store for (re)insurers.
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- August 21 2020
Suncorp focuses on transformation as FY cash profit drops 33%
Group CEO Steve Johnston recognises the need to speed up change.
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- August 17 2020
Does climate change in New Zealand mean premium rises?
Market players such as IAG are recognising the urgent need to act alongside the government.
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- August 12 2020
Global cat insured losses at US$31bn in H1: Swiss Re
The figure is up from last year but below the recent average of US$36bn.
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- August 11 2020
SE Asia to confront increase in wildfires
A report from data analytics firm Twenty Four Seven examines the decade 2030 to 2040.
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- August 6 2020
New Zealand February flood payouts rise: ICNZ
The claims total is at least US$20m - not including public infrastructure.
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- August 5 2020
Japan’s P&C majors seek up to 10% premium hike: report
After several years of severe flooding, premiums will rise for high risk flood areas.
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- July 27 2020
Australia commits to ‘world-class’ nat cat research centre
The Bushfire and Natural Hazards Co-operative Research Centre secures funding for ten years.
