Subject: Claims Page 44 / 56
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- October 20 2020
Perils pegs Queensland April hailstorm losses at US$429m
Insurers experienced unusually late and significant claims development.
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- October 13 2020
Expect “above average” and early Australia cyclone season: BOM
A La Nina weather system means the market needs to prepare for a wet six months.
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- October 12 2020
Tropical Cyclone Nangka approaches Hainan Island and HK
Typhoon warnings have been raised in Hong Kong and Macau.
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- October 8 2020
Typhoon Chan-hom approaches Japan
The weather system is expected to become a category 2 storm.
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- October 7 2020
Beirut port market loss estimate climbs to US$7.5bn: ACAL
Figure from the Association of Insurance Companies in Lebanon is double previous amount.
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- October 7 2020
McLarens continues global adjusters’ APAC expansion
New Zealand deal is the latest in the region to build on local networks and expertise.
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- September 25 2020
Sedgwick opens TPA division in Malaysia
The plan is to connect with four other service centers across the world.
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- September 21 2020
Market responds to Indonesia’s huge flood risks
As Jakarta sinks, Guy Carpenter ramps up investment in cat modelling.
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- September 16 2020
Flood claims in NZ approach US$50m from two events
Payouts for July's Northland floods have already exceeded February's Southland disaster.
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- September 14 2020
Aon and McLarens warn on losses, reduced capacity in Asia’s aviation market
But there are tentative signs of recovery in the sector, after a torrid year so far.
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- September 10 2020
Market counts losses from multiple typhoons in Korea and Japan
Adjusters are surveying the damage, as a large ethane ship floods while it is being built.
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- September 7 2020
Market readies for P&I loss as oil tanker in Sri Lanka catches fire
The MT New Diamond is a large crude ship which flies the Panama flag.
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- September 7 2020
2,000 unresolved claims 10 years after Canterbury earthquakes
Overall payouts have climbed over US$20bn.
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- September 4 2020
Typhoon Haishen to follow similar path to Typhoon Maysak
The potential super typhoon is set to hit parts of Japan and South Korea over the weekend.
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- September 2 2020
Typhoon Maysak threatens South Korea’s Busan
The market is bracing for claims over the next few days.
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- September 1 2020
Australia Bushfire Commission: “Tough reality ahead” for market
More extreme summers and large losses are in store for (re)insurers.
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- August 27 2020
Korea’s market bracing for damage from Typhoon Bavi
Some significant property claims are expected from the storm.
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- August 26 2020
Motor claims drop in Japan and Korea amid lacklustre growth
There are mixed fortunes for P&C players operating in the two countries.
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- August 25 2020
Digital sales buoy China’s P&C market
As the regulator makes more reforms, GWP rose more than 7% in the first half despite lockdown.
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- August 24 2020
Navigating marine risks after Mauritius’ oil spill
The market has faced sustained challenges for years with rising losses and busier seas.
