Subject: Catastrophe Page 55 / 71
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- May 28 2020
Philippines streamlines US$20bn nat cat reinsurance programme
The US$20bn protection scheme will be simplified and reopen for market bids.
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- May 27 2020
Claims’ community adapts as typhoon season ramps up
Covid-19 is forcing the use of technology during Cyclone Amphan and other major incidents.
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- May 27 2020
Australia’s bushfire commission commences
Climate scientists, IAG and a government committee teamed up for the first day of hearings.
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- May 25 2020
Cyclone Amphan likely to cost insurers over US$100m
The powerful storm is a worrying start to Asia's typhoon season.
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- May 20 2020
India and Bangladesh brace for super cyclone while in lockdown
The human cost may loom larger than insured losses from this storm.
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- May 14 2020
Learning from Japan’s heavy typhoon seasons
Leaders from Crawford, PartnerRe and Swiss Re reflect on two tumultuous years.
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- May 11 2020
Covid-19 forces Australia to delay financial reforms
Insurers have been provided much needed additional time to comply.
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- May 11 2020
Five years on: Asia’s lessons from Nepal’s 2015 earthquake
Much more effort is required to build nat cat resiliency according to Aon, Munich Re and RMS.
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- May 6 2020
Western North Pacific basin cyclone season to be ‘near normal’: GC
Total number of tropical cyclone formations expected to be steady in 2020.
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- May 6 2020
Japanese firms’ payouts top US$10bn for 2019 typhoons
Losses keep rising as firms grapple with the Covid-19 fallout and upcoming typhoon season.
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- April 30 2020
ICA seeks reform delay from “immense disruption”
The Insurance Council of Australia wants a delay of Royal Commission reforms until July 2022.
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- April 17 2020
Australia’s summer losses won’t be unique: enquiry
The Royal Commission investigation into the summer's costly bushfires has begun.
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- April 14 2020
Indonesia worst hit from March’s Asia nat cat activity
Over 30,000 homes were destroyed or damaged according to Aon.
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- April 9 2020
Climate change to spur rising losses in Asia: Swiss Re
The firm says risks remain insurable but mitigation measures need to be stepped up.
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- April 8 2020
APEC leaders commit to regional cat bond market
Catastrophe risk financing through ILS is gaining traction in the region.
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- April 7 2020
ICA forms NSW disaster agency led by fire commissioner
ICA's head of operations Karl Sullivan says it will focus on risk mitigation and recovery.
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- April 1 2020
Australia’s market grapples with extreme weather claims, Covid-19
A February storm has cost the market over US$480m.
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- March 26 2020
Hannover Re’s Eberhardt on Australia’s long, hot summer
Unprecedented claims from recent bushfires is showing the value of reinsurance.
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- March 24 2020
World Bank’s pandemic bond under scrutiny
Despite thousands of deaths and financial turmoil, it still isn’t clear if the facility will trigger.
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- March 20 2020
Australia’s summer loss bill surpasses US$2bn
Recent flooding has compounded bushfires and hailstorms with Covid-19 to add more claims.
