Subject: Catastrophe Page 36 / 62
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- March 1 2022
Australian market counts cost of ‘unprecedented’ flooding
Parts of Queensland and NSW impacted, with Suncorp reporting US$54m of claims already.
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- February 22 2022
ICA warns disaster funding needs doubling
All Australian governments also need to collectively lift funding over the next five years.
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- February 21 2022
Vietnam joins South-East Asia disaster facility
Seadrif membership helps with the likes of risk modelling and risk management.
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- February 16 2022
Profits at Japan’s ‘big three’ bounce back
MS&AD, Sompo and Tokio Marine had a strong first nine months both in Japan and in their Asia subsidiaries.
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- February 11 2022
IAG profit boost despite cat miss
Aussie giant's premiums grew to US$4.58bn in H1 2022 as intermediated division saw 9% price increases.
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- February 10 2022
Hong Kong’s ILS market held back by low P&C penetration
Expect more deals - eventually. It will just take time, say experts.
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- February 9 2022
Tokio Marine makes strategic investment in cat specialist ICEYE
The two firms will collaborate on claims and nat cat products.
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- February 9 2022
Aussie climate tech firm FloodMapp raises US$6m
The funding round for the cat modeller was led by Union Square Ventures’ Climate Fund.
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- February 8 2022
Suncorp’s profit dips as H1 nat cat claims soar
Insurance arm in Australia saw profits fall by more than half to US$81.3m.
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- February 8 2022
Tackling Australia’s affordability crisis won’t be easy
Government signs off reinsurance pool design days after prudential regulator lists 2022 priorities.
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- February 3 2022
Asia cat modelling ripe for insurtech funding
After recent fundraisings at Reask and Descartes Underwriting, expect more over the next 12 months.
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- January 26 2022
Typhoon Rai triggers US$52.5m cat bond payout for Philippines
Following a wind metric, another calculation for the World Bank instrument will look at precipitation.
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- January 19 2022
Malaysia’s insurers continue to count costs of December floods
Crawford has dealt with over 1,500 claims and has been using virtual surveys during the pandemic.
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- January 18 2022
Market raises concerns over Asia secondary perils pricing
Inadequate models are putting pressure on underwriting results, say market participants.
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- January 14 2022
Climate crisis dominates Asia’s risk outlook
Nat cats caused US$50bn of losses in APAC in 2021, as WEF says top five risks are linked to climate change.
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- January 13 2022
Typhoon Rai triggers thousands of claims for Philippines’ adjusters
Major damage to a hospital, a grain silo firm and beach resorts will lead to millions of dollars in payouts.
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- January 7 2022
IAG renews reinsurance cat cover at US$7.2bn
The 2022 program structure is similar to prior years with the price increasing by "mid single digits".
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- January 7 2022
MS Amlin launches Phoenix 2 Re ILS vehicle
The vehicle is the firm's second Asia-focused reinsurance ILS offering and secured US$37.5m.
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- January 5 2022
Japanese insurers struggle with overseas volatility
Non-life premiums from Asia Pacific declined by 11.2% as Covid restrictions took hold.
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- December 30 2021
Malaysia’s life, takaful firms offer flood relief measures
Grace periods for premium and contribution payments will be extended from the usual 30 days to a longer timeframe.
