Subject: Catastrophe Page 1 / 60
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- April 30 2025
New Zealand insurers’ GWP grows 8.6% to US$6.4bn, COR improves to 78.6%: ICNZ
Following the impact of the Auckland Anniversary Weekend floods and Cyclone Gabrielle in 2023, premiums stabilised in 2024 as global reinsurance rates and inflation eased, the Insurance Council of New Zealand said.
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- April 29 2025
Hurricanes, quakes could drive peak year insured losses to US$300bn: Swiss Re Institute
Global insured natural catastrophe losses may reach US$145bn in 2025, mainly driven by secondary perils like severe thunderstorms, floods and wildfires, according to Sigma report.
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- April 29 2025
‘Time to act is now’: known unknowns pose real risk to renewable energy future
Growing number of green energy projects in Australia are facing ever more extreme weather risks, with insurers unable to access data and modelling to adequately understand their exposures.
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- April 28 2025
Japan’s insurers settled US$2bn nat cat claims in FY24: GIAJ
Noto Peninsula earthquake was the largest event in terms of claims for the fiscal year that ended March 31, 2025, according to the General Insurance Association of Japan (GIAJ).
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- April 25 2025
Parametric insurance ‘plugs the gap’ as nat cat losses strain traditional coverage: Descartes’ Ben Qin
Head of North Asia and Australia tells InsuranceAsia News’ Between The Lines podcast that parametric insurance's speed and payout certainty offers a critical advantage over traditional claims.
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- April 25 2025
Myanmar, China earthquakes push Q1 global insured losses to second-highest on record: Aon
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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- April 24 2025
Thai insurers’ US$600-900m Myanmar earthquake losses to be absorbed by reinsurers: S&P Global
7.7-magnitude earthquake struck Myanmar and reverberated to Bangkok in March.
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- April 23 2025
Cyclone Alfred insured losses touch US$1.64bn, Perils says, higher than ARPC
In March, Australian Reinsurance Pool Corporation (ARPC) estimated total losses covered by the Cyclone Reinsurance Pool were approximately AU$1.7 billion.
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- April 22 2025
Tower raises profit forecast despite Easter weekend storm, earthquake claims
Insurer says it has recieved over 250 claims from the storms that impacted New Zealand over Easter weekend.
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- April 21 2025
South Korea to expand insurance coverage for uninsured crops following wildfires: report
Government plan to introduce US-style disaster guarantee system for small farmers and forest crops.
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- April 21 2025
Downpours, hail, flash flooding expected as Cyclone Tam continues wreaking havoc across New Zealand
Yellow severe thunderstorm watch in place for the Bay of Plenty, Rotorua, Taupō, Gisborne, Hawke's Bay, and Taihape.
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- April 21 2025
IAG receives over 11,000 claims from Cyclone Alfred
Cyclone Alfred made landfall along Australia’s east coast at the start of March, impacting southeast Queensland and northern New South Wales.
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- April 17 2025
Seadrif, PCIRC among risk pools to receive US$5.3m joint grant for climate and disaster risk financing and insurance
Global Shield Solutions Platform will provide funding to allow four risk pools globally to establish a learning network, create a global facility for risk data and analytics, and initiate an employee exchange programme.
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- April 17 2025
Premium hikes to boost Japan’s big four insurers’ domestic profitability: Moody’s
The profitability will improve gradually supported by fire and motor lines, which account for about 70% of net premiums written by Aioi Nissay Dowa Insurance, Mitsui Sumitomo Insurance, Sompo Japan Insurance and Tokio Marine & Nichido Fire Insurance.
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- April 17 2025
Cyclone Errol intensifies to category 4 as it heads for northwest Australia
The Australian Reinsurance Pool Corporation declared a cyclone event on Wednesday evening.
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- April 14 2025
Global reinsurers in good stead despite rising nat cat claims, tariff shocks: S&P
The sector will retain 60-65% of its 2025 nat cat budget, providing sufficient capacity to withstand additional events and still meet cost of capital, the rating agency said.
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- April 14 2025
Myanmar insurers temporarily halt new disaster coverage after quake: reports
Existing natural disaster insurance policies are allowed to be renewed and extended, but it remains uncertain when the sales of new policies will resume.
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- April 14 2025
Insurance claims from South Korea wildfires near 5,000, mostly for crops: report
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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- April 10 2025
With wildfires becoming more intense, damaging and frequent, insurers eye new approaches to coverage
Events in South Korea and Japan highlight the rising threat of wildfire risks in areas and nations where they have traditionally been seen as a non-peak peril.
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- April 9 2025
New Zealand tornado short lived, few claims expected
Tornado hit the town of Levin on the country's North Island at around 7:45am on Tuesday.
