Subject: Catastrophe Page 71 / 72
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- November 9 2015
Aon estimates US$10bn global catastrophe loss in October
Typhoon Mujigae alone caused about US$4.2bn of losses last month, according to Aon Benfield.
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- November 3 2015
Asian catastrophe capacity continues to exceed demand
Appetite for regional primary catastrophe premium remains high, despite a number of market losses.
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- October 12 2015
Disaster protection gap hits US$1.3tr
Disaster risks are increasing while insurance is not keeping pace, according to a report released by Swiss Re.
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- October 5 2015
Quake insurance could rise by up to 50% in Japan
Japanese nonlife insurers plan to raise quake insurance premium rates in 36 prefectures.
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- September 17 2015
Japan’s top insurers set to pay US$822m for typhoon damages
Payments for this fiscal year could mark the highest typhoon-related pay-out since 2011.
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- September 17 2015
Commercial rates continue to plunge globally
Declines are driven by the benign loss environment and abundance of global capacity, says Marsh.
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- September 15 2015
New India Assurance renews Air India cover for US$9.5bn
The bid to insure Air India’s 126-aircraft fleet will earn a premium of US$22.5 million.
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- September 11 2015
Cat bond issues down as competition responds
Traditional and collateralised players are responding with lower pricing and expanded coverage.
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- September 10 2015
Philippine insurers favour mandatory earthquake insurance
Insurers have submitted a proposal on compulsory earthquake insurance to the finance secretary.
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- September 4 2015
Asia is home to the world’s riskiest cities
The region's cities face diverse threats, ranging from storms and earthquakes to market crashes and pandemics.
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- August 31 2015
China trials first earthquake insurance in Yunnan
Six insurance companies have joined in the launching of China's first earthquake insurance trial.
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- August 28 2015
10 years on: Hurricane Katrina’s lessons for Asia
The devastating storm was a wake-up call, but not one that has been heeded where it matters most.
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- August 20 2015
Asia’s windstorm losses to rise dramatically
Rising wealth and growing populations in coastal areas are creating a perfect storm, says Allianz unit.
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- August 18 2015
Global insured losses fall to half 10-year average
Total global insured losses for the first six months of 2015 dropped to half 10-year average of US$29bn, says Swiss Re.
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- August 14 2015
Tianjin blast likely to produce large claims
An explosion in the city’s port district has killed dozens and caused hundreds of millions of dollars of damage.
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- August 12 2015
Only 10% of Taiwan’s cars insured against storms
Typhoon Soudelor wrought havoc in Taiwan, but only a fraction of vehicles in the country are insured for storms.
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- August 10 2015
Malaysia’s life insurers settle all MH370 claims
The Life Insurance Association of Malaysia has said that a total of M$16.9m was paid to the victims's families.
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- August 3 2015
Japan insurers seek 19% hike in earthquake premiums
The new increase could take effect by January 2017 but will be introduced in phases.
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- July 20 2015
Typhoon Chan-hom claims predicted at US$350m
Insured losses are unlikely to exceed US$354.3m, according to AIR Worldwide's catastrophe risk modelling.
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- July 16 2015
Deaths from natural disasters up sharply
Munich Re biannual review supports industry's claim that much of the world continues to be under-insured.
