Rising cat claims force APAC governments to partner reinsurers: S&P
September 14 2022 by Mithun Varkey
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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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Rainstorms in China linger as insurers count preliminary losses at US$11 million
- April 23
Insurers in Zhaoqing and Shaoguan cities, both in the Guangdong province, have thus far received about 4000 claim notifications, according to local media reports.
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El Niño has ended, says Australia’s Bureau of Meteorology
- April 17
The US National Oceanic and Atmospheric Administration said that there’s a 60% chance that La Niña will develop by June–August, which could mean a more active Atlantic hurricane season.
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HK Insurance Authority courts Chinese insurers, municipalities to grow cat bond hub
- April 15
The regulator is reaching out to Chinese (re)insurers and local governments as it seeks to entice potential cat bond issuers to the city and build an insurance-linked securities hub for the Greater Bay Area.
