South Korea allocates record US$1.38bn for unprecedented Yeongnam forest fires
May 6 2025 by InsuranceAsia News
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Japan, Korea wildfires mark turning point in regional climate risk understanding: Willis
- July 29
Insured losses from nat cats 'will very likely' exceed US$100bn again this year, the broker said in a half-year report.
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Myanmar, China earthquakes push Q1 global insured losses to second-highest on record: Aon
- April 25
Losses resulted primarily from the California wildfires, with the total significantly higher than the 21st-century Q1 average of US$17bn.
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South Korea to expand insurance coverage for uninsured crops following wildfires: report
- April 21
Government plan to introduce US-style disaster guarantee system for small farmers and forest crops.
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Insurance claims from South Korea wildfires near 5,000, mostly for crops: report
- April 14
Insurers have paid out at least US$131,800, while assessing damage for crop-related claims is expected to take time.
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Peak Re | From climate modelling to market opportunity: forging a new clarity on Southeast Asia’s climate risk
With the insurance industry facing an inflection point, the new imperative is seen as becoming active creators of risk intelligence.
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BHSI WICare+ | Accelerating Payments, Empowering Recovery
Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
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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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Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
