Subject: Catastrophe Page 40 / 61
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- March 12 2021
Hannover Re Asia GWP grows 24% to US$2.5bn
German reinsurer says 2020 was a “very good” year for South-East Asia.
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- February 19 2021
Recent Japan earthquake losses likely to exceed US$100m
Aon report says 7.1-magnitude tremor unlikely to be 'significant' industry event.
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- February 19 2021
Philippines sets Q1 target for nat cat facility
Domestics insurers are currently forced to look overseas for reinsurance.
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- February 11 2021
Philippines exploring additional regional catastrophe risk pools
The government has tried — and failed — to launch a reinsurance scheme to cover state assets.
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- February 5 2021
Perth bushfire losses surpass US$30m
The Insurance Council of Australia has declared a catastrophe for the affected communities.
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- February 3 2021
Queensland body calls for national reinsurance pool
Local government cites rising unaffordability of insurance in the north of Australia.
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- January 27 2021
Asia 2020 nat cats brought US$95bn in economic damage
Aon report shows that China, India and Japan accounted for more than half of the losses.
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- January 22 2021
Indonesia gets US$500m World Bank disaster loan
The government agreed a US$770m risk financing initiative with a consortium of (re)insurers in 2019.
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- January 22 2021
Indonesia quake to see minimal insured losses
In-country loss adjusters tell IAN only a small number of claims have been made so far.
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- January 19 2021
Data a key tool to mitigate climate risk: AFF 2021
Panellists highlight the difficulty in underwriting new green technologies such as solar panels and fuel cells.
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- January 17 2021
Climate, pandemic and social inflation drove 1:1 increases: Fitch
The upward pressure on prices was tempered somewhat by an abundance of capital.
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- January 13 2021
APAC accounted for 11% of 2020 global nat cat losses: Aon
Storm landfalls in less exposed areas of Japan, South Korea and the Philippines kept impacts low.
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- January 12 2021
Malaysia flood losses could rise to US$10m
In-country loss adjuster tells IAN few large commercial claims are expected.
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- January 11 2021
QBE ups 2021 nat cat allowance to US$685m from US$550m
Insurer says reinsurance terms came in better than it had budgeted for.
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- January 8 2021
Asia’s 2020 nat cat losses highlight lack of cover: Munich Re
Only US$3bn out of US$67bn total losses were covered.
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- January 7 2021
Typhoon Mangkhut analysis highlights HK’s risk exposure
The Special Administrative Region has been ranked as having the highest natural disaster risk in Asia.
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- January 7 2021
‘Black Summer’ bushfires to cost Aussie market US$1.45bn
Catastrophe data provider Perils provides final P&C loss estimate.
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- January 4 2021
InsuranceAsia News 2021 predictions
Our editors look ahead to what may lie in store for the market over the coming year.
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- December 21 2020
2020 ends as fifth-costliest nat cat year
Asia's books mostly avoided big losses despite seeing many of the year's most extreme weather events.
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- December 21 2020
Kyushu floods, Typhoon Haishen losses hit US$1.7bn
GIAJ report shows nearly 190,000 claims filed as of December 3.
