Subject: Catastrophe Page 32 / 61
-
- July 5 2022
China explores parametric expansion after costly floods
Henan is the latest province to trial the cat innovation after payment was triggered in Guangdong last month.
-
- July 4 2022
Suncorp ups FY 2023 cat allowance to US$800m amid more NSW bad weather
At the 1.7 renewals, Suncorp saw reinsurance premiums increase “significantly".
-
- July 4 2022
Australia renewals much ‘tougher’ and ‘later’: Gallagher Re
The floods in NSW and Queensland contributed to price increases of up to 25%.
-
- July 1 2022
China’s Henan province launches pilot cat scheme
Local government wants to boost protection in six cities after dramatic floods last year.
-
- July 1 2022
Mixed reaction to Australia’s cyclone pool modelling data
There are potential premium savings of 38%, but up to 24% of Queensland homeowner policyholders could see rises.
-
- June 29 2022
Australia’s Feb, March floods now third costliest nat cat: ICA
The floods in Queensland and New South Wales have caused over US$3.3bn of insured losses.
-
- June 24 2022
Queensland’s RACQ confirms US$69m payout from Feb, March floods
Almost 5,000 home repairs have been completed or are underway.
-
- June 23 2022
IAG’s NRMA Insurance hit by 30,000 claims from Feb, March floods
54% of Australians worried their property will be damaged by wild weather within 12 months.
-
- June 22 2022
Perils expands cat data to Japan wind and flood
The firm will use data from most of the country's P&C players which provided 'strong support'.
-
- June 21 2022
Over US$28m insured loss caused by Guangdong severe storms: report
PICC and Ping An are facing millions of claims payments respectively.
-
- June 21 2022
Appraisal of Malaysian floods boosts case for digital claims
With 90% of economic losses uninsured more is required to persuade homeowners to buy cover.
-
- June 17 2022
APRA grants Australian Reinsurance Pool Corporation authorised reinsurer status
The new cyclone reinsurance pool is expected to start in July.
-
- June 15 2022
Asia nat cats at lowest level in a decade
Damages in 2022 are just US$4.5bn, with losses from storms at their lowest in 20 years.
-
- June 14 2022
Macau extends nat cat scheme to black rain: report
The decision comes after heavy rain hit the SAR last week.
-
- June 13 2022
New Zealand secures record NZ$7.2bn EQC reinsurance cover
EQC chief executive said the country is "punching above its weight" on the global stage.
-
- June 13 2022
Asia casts its eye over the Florida renewals
Munich Re, Swiss Re and RenaissanceRe have all withdrawn capacity from the market.
-
- June 9 2022
Perils ups Australia east coast flooding loss to US$3.5bn
The increase is US$720m above its previous estimate for the Q1 nat cat in Queensland and NSW.
-
- June 3 2022
Australian floods: modellers struggle with ‘a single consistent view of risk’
Flood risk has become a major catastrophic burden for the Australian market, highlighting the importance of accurate modelling.
-
- June 2 2022
Aussie flood estimates rise by 28%: ICA
Estimates of insured losses now top US$3 billion, with claims at 216,465.
-
- May 27 2022
Australia’s general insurers saw US$303m loss at start of year
The devastating floods in February and March sparked an increase in claims.
