Subject: Catastrophe Page 54 / 61
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- October 23 2018
Asia’s underinsurance gap widening, says Lloyd’s
The underinsurance gap for Asian countries has widened by 9.4% to US$134bn from US$122.5bn.
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- October 19 2018
Storm front
Another costly hurricane season is piling up losses for the reinsurance industry, without much upward pressure on rates.
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- October 17 2018
Disasters have cost the Philippines US$7bn since 2011
The country has suffered significant losses from natural disasters over the last eight years.
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- October 12 2018
Hong Kong targets ILS business
The city is set to introduce laws to allow special purpose vehicles to issue insurance-linked securities.
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- October 10 2018
IMF-World Bank to discuss disaster risk management
Indonesia's recent disasters will be an important topic at the annual summit to be held in Bali.
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- October 9 2018
IPCC issues stark warning on climate change
The Intergovernmental Panel on Climate Change has given a dramatic warning to businesses and societies across the world.
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- October 5 2018
Japan hit by eighth typhoon of the year
A stream of powerful storms in Japan is placing pressure on the country's insurers.
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- September 28 2018
Typhoon Mangkhut losses could hit US$2bn
The strongest storm in the world this year could be one of the region’s most costly ever for insurers.
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- September 27 2018
Over $1bn insured losses from Mangkhut, says AIR
This year's most powerful storm caused major property damage and business interruption in China, Hong Kong and Macau.
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- September 26 2018
Japan flood claims hit US$1.5bn
The flooding in July was prompted by extreme levels of rainfall.
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- September 21 2018
Typhoon Mangkhut’s wake-up call
The damage caused in Hong Kong last weekend could cost the insurance industry more than US$1bn.
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- September 14 2018
Super Typhoon Mangkhut threatens Philippines and Hong Kong
A powerful storm is set to hit the northern islands of the Philippines and come close to Hong Kong over the weekend.
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- September 10 2018
Monsoon rain damage in India tops US$4bn
The direct damage and business interruption costs of the heavy rains in Kerala are still being assessed.
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- August 20 2018
Global losses from disasters down
Of the US$36bn total global economic losses in the first half, US$20bn were covered by insurance.
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- August 16 2018
Japanese majors lose billions to floods, rains
The extreme rainfall and flooding in July have taken a toll on MS&AD, Tokyo Marine and Sompo.
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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.
