Subject: Catastrophe Page 6 / 70
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- October 7 2025
Vietnam’s Typhoon Bualoi insurance payouts cross US$13m
Vung Ang 2 thermal power plant is believed to have suffered the biggest loss following typhoon Bualoi, which killed at least 53, injured 165 and left 14 missing after hitting 12 Vietnamese provinces last week.
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- October 7 2025
Eye in the sky expands tropical cyclone coverage across Australia, Japan to ‘fill the gap’ amid rising demand
Finnish firm ICEYE is also close to launching an earthquake product in Japan, global head of insurance Stephen Lathrope tells InsuranceAsia News.
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- October 6 2025
Australia’s insurance losses down 25% in 2024–25, ICA says
Declared events over the 12 months to June 30, 2025, included one cyclone and two floods, according to the Insurance Council of Australia (ICA).
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- October 2 2025
Typhoon Bualoi results in US$432m economic losses in Vietnam: reports
Insured loss is expected to account for 5-10% of the economic loss, McLarens' country manager in Vietnam told InsuranceAsia News.
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- October 1 2025
Australia starts consultation on terrorism and cyclone reinsurance legislation
The Treasury has launched a statutory review of the Terrorism and Cyclone Insurance Act 2003, inviting public feedback on the relevance and governance of national reinsurance pools.
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- October 1 2025
Typhoon Bualoi: damage to Vietnamese thermal power plant may trigger reinsurance claims
Starr is the lead reinsurer for the PVI-led insurance program of the supercritical project in the northern Ha Tinh province, InsuranceAsia News understands.
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- September 30 2025
Ex-Tropical Cyclone Alfred accounts for over 90% of pool claims since inception, ARPC says
Cyclone pool received 101,888 claims from the cyclone that affected Queensland and New South Wales during February and March, totalling to US$650m.
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- September 30 2025
Opinion: ‘Dib dib dob dob’: Hong Kong’s disaster risk management leads the way, highlighted by subdued Super Typhoon Ragasa losses
Most powerful tropical cyclone of the year to date impacted Hong Kong, Macau, mainland China, Taiwan and the Philippines last week.
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- September 29 2025
Hong Kong’s curtailed Super Typhoon Ragasa economic losses under US$400m: report
Claims mainly from wind and flooding, with water damage across all affected territories, David Seng, technical and strategic projects director at Sedgwick in Asia also tells InsuranceAsia News.
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- September 26 2025
Super Typhoon Ragasa’s impact less than feared in Hong Kong, Taiwan and Macau
Despite widespread reports of property losses, claims from the strongest storm of the year are expected to be much smaller than that from Typhoon Mangkhut in 2018, loss adjusters tell IAN.
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- September 23 2025
Super Typhoon Ragasa: Hong Kong insurance industry braces for world’s strongest storm in 2025
Tens of millions of people could be impacted as the storm passes south of the major centres of Hong Kong, Macau, Shenzhen and Guangzhou.
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- September 23 2025
ARPC revises cyclone pool rates with SME risk mitigation discounts
Australian Reinsurance Pool Corporation (ARPC) makes no other changes to the premium rating, with home and strata premium rates unchanged.
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- September 22 2025
Super Typhoon Ragasa: Hong Kong facing US$100m bill: report
Region is battening down for the typhoon, which is expected to bring hurricane-force winds of up to 220km/h and is projected to make landfall in southeast China on Wednesday.
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- September 19 2025
Losses from India, Pakistan flooding likely to reach ‘billions of US$’: Aon
Punjab plains region of both countries is experiencing some of its worst flooding disasters in recent history, caused by anomalously high monsoon rainfall across northwest India and northern Pakistan.
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- September 17 2025
Flood Re 2.0? Australia looks to UK’s blueprint to tackle rising nat cat exposures
Assistant treasurer and minister for financial services Daniel Mulino and Insurance Council of Australia CEO Andrew Hall are in London discussing greater resilience to emerging disasters and natural catastrophe risks.
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- September 15 2025
Climate change puts 1.5m Australians at dire risk, warns first climate risk assessment
Australians living in high-risk communities face increasing costs as a result of rising insurance premiums, with widening protection gaps as many areas become uninsurable, according to a governement report.
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- September 12 2025
Perils cuts Cyclone Alfred loss estimate to US$1.25bn
Ex-Tropical Cyclone Afred struck Australia's Southeast Queensland and northeastern New South Wales in February and March, leaving over 300,000 homes and businesses without power.
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- September 10 2025
Wind tops weather risks for Australians after stormy winter: IAG
Few protect their property despite Australia having 'some of the strongest and most variable winds in the world', according to a poll from IAG's NRMA Insurance.
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- September 5 2025
Australian carriers’ US$1.6bn reinsurance spend saves US$46bn in capital: Actuaries Institute
A paper published by the institute noted Australian insurers have fewer choices when it comes to the range of reinsurance products they can use to gain regulatory credit.
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- September 4 2025
Typhoon Wipha, flooding unlocks US$2m Seadrif parametric payout in Laos
Payout was made under the new sovereign parametric insurance policy issued by the Asian risk pool in May, which features an annual aggregate trigger.
