Subject: Catastrophe Page 72 / 73
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- March 11 2016
Thailand considers making crop insurance mandatory
The government wants to protect the country's farmers from the impact of natural disasters.
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- March 1 2016
Taiwan legislators consider revision of insurance law
The existing law prevents insurance carriers from paying out compensation to beneficiaries under 15.
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- February 19 2016
IAG’s creeping NZ losses highlight ILS quake risks
The lingering losses are a stark reminder that catastrophe claims can drag on for years. ILS funds beware.
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- February 15 2016
Winter weather triggers US$2bn economic losses in Asia
Bulk of the economic losses were from China, Taiwan, Korea, Japan and Thailand, which were all unusually cold.
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- February 8 2016
Indian firms forecast rise in catastrophe premiums
Expected hike estimated to be up to 20% for next fiscal year.
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- January 26 2016
Firms still see huge potential in emerging markets
During the Davos forum, major insurers discuss the paucity of insurance taken out in developing markets.
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- January 25 2016
Inefficiencies threaten disruption to insurance industry
Expensive cost structures and the high cost of capital are weaknesses that disruptors will exploit.
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- January 19 2016
Philippine nonlife industry outperforms in 2015
From January to September 2015, net income in the nonlife insurance sector grew 122% to US$76m.
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- January 15 2016
Natural disasters caused US$35bn insured loss in 2015
A total of 300 separate global natural disasters took place last year, according to Aon Benfield.
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- January 6 2016
Claims from natural disasters drop in 2015
Insured losses fell to US$27bn, well below the 10-year average of US$180bn, according to Munich Re.
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- November 25 2015
Sichuan province launches earthquake insurance trial
Under the plan, the provincial government will subsidise 60% of the insurance fees for most residents.
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- November 13 2015
Managing natural catastrophes in South Asia
South Asia faces an immense challenge in trying to find ways of protecting communities from natural catastrophes.
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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.
