Reinsurers suffering from rush of natural disasters
September 25 2017 by InsuranceAsia News Staff-
Ominous start to spring weather in Australia, New Zealand puts (re)insurers on high alert
- September 25
Bushfires, an El Niño declaration, record rain, landslides, heavy snow and an earthquake in the last few days point to busy six months ahead for claims' handlers.
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Typhoon Nanmadol’s final loss count is US$850m: Perils
- September 20
The storm hit the Japanese islands of Kyushu and Shikoku and the western and central regions of Japan’s main island of Honshu in September last year.
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Australia’s BoM declares El Niño and positive Indian Ocean Dipole as bushfires spark across three states
- September 20
The combination, last seen in 2015, means warmer and drier conditions for at least the next three months increasing the risk of bushfires.
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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.
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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.
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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.
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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.
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Peak Re | Unlock the potential of South-East Asia insurance markets
Multiple positive growth drivers underpin optimism about the insurance outlook of the region.
