PICC on hook for US$530m from Typhoon Doksuri with reinsurance deductibles at US$150m
September 1 2023 by Andrew Tjaardstra
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Final Australia Christmas storms losses top US$1bn: Perils
- December 20
Acute storms hit states of Victoria, New South Wales and Queensland in December 2023, with property accounting for 89% of the total industry loss.
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Claims from Japan’s Typhoon Shanshan surge to US$331m
- December 18
General Insurance Association of Japan says 89,639 claims made from the typhoon that hit earlier this year.
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Late-season Typhoon Kong-rey causes disruption in Taiwan, set to bring heavy rains to Shanghai
- October 31
The biggest storm to make landfall on the island could see property and BI losses as well as the risk of an oil spill from a beached cargo ship on the northern coast.
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Taiwan braces for heavy rains, strong wind with super typhoon Kong-rey set to make landfall
- October 30
The typhoon, allegedly the most powerful in almost six decades, could lead to another suspension of the island’s US$2.5trn stock exchange.
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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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HSBC Asset Management | Is it time to relook at Asian currency bonds?
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
