Subject: Catastrophe Page 54 / 60
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- July 30 2018
Lombok earthquake kills 14 and damages over 1,000 homes
A 6.4 magnitude shallow earthquake and over 60 aftershocks has struck the Indonesian island.
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- July 27 2018
Losses from disasters significantly down in first half of 2018
Insurance payouts are estimated at US$21bn, 64% lower than the 10-year average of US$124bn.
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- July 12 2018
June floods in Asia lead to hundreds of millions of losses
Seasonal flooding led to fatalities and significant damage in parts of India, Bangladesh, Myanmar and Vietnam.
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- July 11 2018
Japan insurers to waive premium payments for flood victims
Four companies are offering a six-month waiver to those affected by the torrential rains in western Japan.
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- July 9 2018
Record rainfall slams southern Japan
The rain is forecast to continue for the next couple of days and many landslide warnings have been issued.
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- July 5 2018
Zurich extends flood resilience alliance until 2023
The multi-sector alliance aims to generate US$1bn in additional funding for flood resilience.
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- July 2 2018
Only 8% of Asia-Pacific disaster losses covered, says UN
Only 15 of the eligible Pacific island nations have joined the Pacific Catastrophe Risk Insurance Company.
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- June 21 2018
Aon launches updated Thai flood model
The data focuses on the industrial estates heavily impacted by the 2011 floods.
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- May 17 2018
Global commercial insurance prices rising
However, insurance pricing in Asia continues to decline, and at an increased pace, according to Marsh.
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- May 9 2018
Philippines open to joining Asean catastrophe pool
The country is particularly vulnerable to natural disasters and stands to benefit from regional risk pooling.
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- May 9 2018
Philippines insurers told to lead ‘fourth industrial revolution’
The country's finance secretary urged the industry to rethink how it does things and how it makes products.
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- May 8 2018
Malaysian Re licences AIR catastrophe modelling platform
The company is deploying the solution to support its reinsurance operations for a broad range of risk management solutions.
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- May 7 2018
Asean discussing catastrophe risk pool
The facility will initially focus on Cambodia, Laos and Myanmar, but could expand to other countries.
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- April 30 2018
Japan to partner with SEA nations on disaster insurance
The South-East Asia Disaster Risk Insurance Facility will make recovery funds immediately available.
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- April 27 2018
Catastrophe losses will hit US$160bn a year in Asia by 2030
Losses arising from natural disasters in the region are increasing, but only 8% are covered by insurance.
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- April 12 2018
Losses reach US$144bn from catastrophes in 2017
The figure is the highest recorded in a single year and double the losses of 2016, the second-highest on record.
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- March 23 2018
Japan cat pricing unmoved
Last year’s huge nat-cat losses in the US do not appear to be pushing prices up in Asia.
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- February 27 2018
QBE posts US$1.25bn net loss for 2017
The losses are attributed to claims from natural disasters and underperforming businesses in emerging markets.
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- February 1 2018
Cat bond market hit record US$11bn issuance in 2017
In total, 35 catastrophe bonds were issued by 31 different sponsors in the insurance-linked securities sector.
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- January 26 2018
2017 was costliest year on record for weather disasters
There were 330 natural catastrophes in 2017, 97% of which were caused by weather disasters.
