Perils pegs Queensland, NSW floods final cost at US$4.35bn
March 13 2023 by InsuranceAsia News Staff
-
Hong Kong’s drainage improvements allowed city to bounce back after historic rainstorm: Guy Carpenter
- September 20
The broker notes a further five stormwater storage tanks are being planned in the SAR which saw 60 flooding and 75 landslide reports and 80 blocked roads.
-
Opinion: Hong Kong’s insurance players should step up risk mitigation for clients and the city
- September 15
While paying claims and looking after clients is the immediate priority, the market should spend more effort making sure buildings are better managed, rain or shine.
-
Record rains add ‘further pressure’ on Hong Kong’s reinsurance renewals: AM Best
- September 13
The impact of the black rainstorm is likely to be more of an earnings event for the market, rather than a material hit to capital adequacy, the rating agency noted.
-
Claims from Typhoon Saola and black rain event of ‘large scale and continue to escalate’: HKIA
- September 12
The two storms have caused significant motor and property losses, with the regulator urging insurers to make adequate resources available to settle claims.
-
WTW | A new way forward: Cutting through Asia’s coal conundrum
With power demand soaring and coal placements declining, fossil fuel plants and insurers must work in tandem to accelerate decarbonisation and ensure the region’s resilience.
-
Marsh | Closing the nat cat protection gap with effective physical climate risk mitigation
Climate modelling and risk engineering expertise can help with risk mitigation and insurance affordability.
-
Zurich | Designing result-driven embedded insurance propositions
Embedded insurance is more than just a tick in the box, it calls for a hands-on approach involving thoughtful consideration of customer value.
-
Peak Re | Unlock the potential of South-East Asia insurance markets
Multiple positive growth drivers underpin optimism about the insurance outlook of the region.
