Lloyd’s, QBE, Axa, Scor, Allianz and Sompo exit Net-Zero Insurance Alliance
May 29 2023 by Andrew Tjaardstra
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Opinion: European regulator’s climate conundrum poses questions for South-East Asia’s risk mitigation
- April 26
Excluding high-risk areas from coverage does not provide a viable solution, as all actors need to work together to address climate risk, including the P&C sector, governments and society.
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China’s financial regulator calls on carriers to develop green insurance
- April 26
The National Financial Regulatory Administration have asked (re)insurers to enhance their modelling capability, and to play a greater role in helping the society shoulder the cost of climate change.
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New Zealand’s early-2023 weather events cost US$5.3-US$8.6bn, government inquiry finds
- April 25
Cyclone Gabrielle was a moderate-scale event when compared to what New Zealand could experience, warns the National Emergency Management Agency.
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Asia warming faster than global average, hit by 79 weather-related disasters in 2023: WMO
- April 23
Floods and storms are causing the highest number of reported casualties and economic losses, whilst the impact of heatwaves became more severe, according to a report from the UN climate agency.
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FM Global | Resilience: No longer a choice
As climate disclosure becomes mandatory and new risks emerge from natural hazards, understanding the tools that are available to build resilience is more important than ever.
