Subject: Climate Page 1 / 30
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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 15 2025
Carbon credit specialist Oka launches in Singapore
Carrier, through its Lloyd's Syndicate 1922, will offer climate-focused insurance products to Singaporean corporations and financial institutions.
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- September 9 2025
World Bank to back 5-year climate shield for Philippines agriculture
US$70 million initiative will create a co-insurance pool that offer protection from escalating climate-related risks.
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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 3 2025
Tokio Marine launches green transition underwriting platform
Tokio Marine GX is a fully operational underwriting business offering up to US$500m of capacity on any single risk.
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- August 27 2025
Hanoi flooding from Typhoon Kajiki expected to result in limited commercial claims
While the windstorm has caused significant damage, it did not hit the industrial areas, unlike Typhoon Yagi last year.
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- August 21 2025
APRA targets promoting cost-effective reinsurance to general insurers
Australian regulator's 2025-26 corporate plan says it will release details on its proposals in the first half of FY26, and in the latter half, it will report the results of its climate vulnerability assessment for the general insurance sector.
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- August 19 2025
Asian Development Bank, UN collaborate to launch climate insurance solutions for Fijian small businesses
Initiative is supported by US$950,000 in technical assistance from the Asia-Pacific Climate Finance Fund.
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- August 5 2025
Beijing flood losses to be ‘substantial’ as region braces for more rain
Insurers have received 65,000 reports of losses following last month's extreme rain, with an estimated insured loss of US$277m, according to regulatory data.
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- July 31 2025
Descartes elevates Ben Qin as APAC head
Parametric specialist MGA also promotes WeeBeng Seow as acting head of Southeast Asia.
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- July 30 2025
Bigger, more frequent hail threat grows for Australian cities as climate warms
University of New South Wales research shows likes of Sydney, Canberra, Melbourne and Perth are at an increased risk.
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- July 30 2025
Rising losses in benign cat year point to ‘background noise’ of climate change: Munich Re’s Tobias Grimm
APAC events highlight unpredictability of catastrophes, resulting in unprecedented amounts of rainfall, storms, wildfires and earthquakes in areas that have never experienced them, says the reinsurer's top climate expert.
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- July 29 2025
Japan, Korea wildfires mark turning point in regional climate risk understanding: Willis
Insured losses from nat cats 'will very likely' exceed US$100bn again this year, the broker said in a half-year report.
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- July 21 2025
Australian cyclone season highlights changing landscape, challenges ahead
Ex-Tropical Cyclone Alfred, which caused US$843m in insured losses, was the most high-profile event of the 2024-25 cyclone season that recorded 12 windstorms.
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- July 18 2025
Tonga renews US$17m multi-peril cover with PCRIC
Renewed policy is expected to provide coverage for tropical cyclones, earthquakes, tsunamis, and droughts, and will have a US$1m premium contribution from the Tongan government.
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- July 18 2025
Opinion: How far must temperatures rise before APAC commercial market really walks away from climate risk?
Region is right in the firing line when it comes to climate risk given the increasing scale and frequency of insured losses in recent years.
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- July 16 2025
Tokyo flooding to bring minimal losses, but highlights growing need to adjust underwriting strategies, flood models
While the event may not significantly impact (re)insurance pricing, loss adjusters told InsuranceAsia News that insurers need to respond to increasing attritional nat cat losses.
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- June 30 2025
Wild weather hits New Zealand, with ‘millions of dollars’ in damage from Nelson-Tasman rain, floods
IAG has received over 373 claims for home, contents, motor and commercial policies across Nelson, Tasman, Marlborough, Auckland, and other areas.
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- June 9 2025
New Zealand’s Natural Hazards Commission secures US$6.3bn in reinsurance cover
The cover, renewed on June 1, includes NZ$225 million from a multi-year catastrophe bond issued in 2023.
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- June 4 2025
‘Exposed and vulnerable’: Australia’s wine industry in need of innovative solutions to cork protection gap
Parametric insurance is emerging as a viable alternative to traditional covers, addressing critical gaps for both large vineyards and single-vintage producers, according to underwriters and industry bodies.
