Subject: Claims Page 41 / 49
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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 30 2020
Asia’s huge aviation risk from Covid-19
The pandemic means unprecedented challenges with many losses unlikely to be recovered.
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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 20 2020
Australia’s summer loss bill surpasses US$2bn
Recent flooding has compounded bushfires and hailstorms with Covid-19 to add more claims.
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- March 19 2020
New Zealand’s SkyCity secures US$50m fire payout
Money expected to arrive over April with Chubb understood to be the lead insurer.
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- March 17 2020
Sedgwick’s James Ong on claims handling in Asia
The global loss adjuster is seeing a spike in regional demand.
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- March 13 2020
Covid-19 declared catastrophe in Australia
The Insurance Council of Australia has launched a special taskforce to deal with virus-related claims.
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- March 11 2020
How digital is shaping Asia’s P&C claims
Tech such as AI is transforming personal lines which could translate to commercial.
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- March 11 2020
Strong weather pattern contributed to Australia’s bushfires
Indian Ocean Dipole partly to blame for extent of the disaster which has caused huge losses.
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- March 9 2020
Australia’s summer losses climb to US$3.3bn, says APRA
The number of extreme weather events for the market is likely to increase in future.
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- March 4 2020
Australia’s January hailstorm losses jump 26% to US$528m
There have been 87,500 claims filed of which 60,000 related to motor vehicle damage.
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- March 3 2020
Timaru hailstorm was NZ’s third costliest nat cat in 100 years
The November storm will cost insurers over US$50m in a nat cat heavy Q4.
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- February 26 2020
Australia braces for claims from 2020’s fourth cyclone
The storm comes as several insurers are close to breaching their nat cat limits for the financial year.
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- February 25 2020
Australia launches royal commission into bushfires
The move by the government follows an unprecedented summer.
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- February 20 2020
Australia’s January hailstorm claims jump to US$428m
There have been almost 70,000 claims in ACT, New South Wales and Victoria.
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- February 17 2020
Allied World’s Garrison on rates, nat cats and data
After 5 years in Asia the leader is encouraged by an increasingly sophisticated market.
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- February 17 2020
Australia’s bushfire losses to exceed Ash Wednesday
While the worst of the fires are over, the costs are continuing to rise.
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- February 17 2020
Fairfax’s president bullish despite US$221.1m Japan typhoon hit
Prem Watsa hails a record year after a strong underwriting performance.
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- February 12 2020
World Bank’s influence over Asia’s nat cat cover grows
Reinsurers are allying with the Washington institution to create some sizeable programmes.
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- February 12 2020
IAG’s H1 profits fall 43% as Harmer raises climate fears
The firm is now expecting A$850m of nat cat costs this year, up from A$715m in January.
