Subject: Catastrophe Page 59 / 65
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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.
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- January 25 2018
QBE expects to book $1.2bn in losses
Huge wildfires in California, storms in Australia and Hurricane Maria contributed to unprecedented costs.
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- January 19 2018
ClimateWise appoints Aon Benfield exec as chair
Dominic Christian, executive chairman of Aon Benfield International, takes over from Aviva's Maurice Tulloch.
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- December 20 2017
AIR Worldwide partners with PICC Re
The Chinese reinsurance arm of PICC has already received regulatory approval for the partnership.
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- December 15 2017
Philippines to probe GSIS reinsurance contracts
An inquiry into the Government Service Institution System highlights the challenges faced in emerging markets.
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- December 11 2017
Vietnam suffers rare US$1bn loss after Typhoon Damrey
This year marks the first time since 1993 that Vietnam has had a season with a Cat 2 and 3 typhoon landfall.
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- November 23 2017
Non-life, reinsurance prices forecast to go up
The string of large natural catastrophes this year could lead to rate hardening next year and in 2019, says a new report.
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- November 20 2017
Korean insurers ask for government help on earthquake risk
Insurers say earthquake policies will not be profitable unless the government shares a bigger financial burden.
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- November 14 2017
Disaster coverage could become too expensive
The industry needs to find solutions if it wants to adapt to the threat of climate change, according to Munich Re.
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- November 6 2017
AIG posts US$1.74bn loss
The third-quarter loss was caused by one of the markets single biggest hits from hurricanes.
