Subject: Climate Page 1 / 29
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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.
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- June 2 2025
Not enough, wrong time, or too much: extreme weather forces shift in agri policies to protect APAC’s vulnerable crops
As yields become increasingly variable, demand for mixed solutions that offer broader business interruptions and livelihood protection for farmers, including with governmental support, is rising.
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- May 30 2025
Typhoons predicted to match 30-year average, but more intense hurricane season likely: Munich Re
In Northwest Pacific, an initial study estimates 25 named cyclones, 16 typhoons and nine severe typhoons in the highest 3–5 category in 2025.
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- May 28 2025
Tokio Marine sets up green unit amid push for decarbonised society
Tokio Marine GX will build on the existing work of GCube, Tokio Marine's renewable energy-focused MGA.
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- May 26 2025
‘If it’s flooded, forget it’: as deadly NSW floods recede, claims jump with 10,000 properties damaged
Insurers have received more than 4,100 claims as of Monday after rainfall and flooding hit the region last week.
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- May 22 2025
Clear resilience playbook, new DNA needed as climate challenge grows: Marsh’s Beverley Adams
Head of climate and catastrophe resilience tells InsuranceAsia News that as businesses, including in Asia Pacific, transition to a low-carbon future, insurers are increasingly being asked to play a part in the finance and risk management of projects.
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- May 14 2025
APAC faces billion-dollar economic losses from Q1 wildfires: Aon
The costliest event for APAC insurers was ex-Tropical Cyclone Alfred, while Myanmar earthquake was the costliest economic loss in the region, with damages expected to reach billions of dollars.
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- May 13 2025
Howden Asia hires ecosystems industry veteran Daniel Fairweather
Singapore-based Fairweather was previously executive director at Gallagher and divisional director at WTW.
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- May 12 2025
Australia’s extreme weather costs near US$1bn in 2025: ICA
Ex-Tropical Cyclone Alfred was the costliest event at US$770m accounting for more than 90% of the claims.
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- May 12 2025
Green transition to test industry’s relevance as debate intensifies, LMA’s Paul Davenport says
Lloyd’s Market Association finance and risk director made the comments after it had been suggested that insurers have often been seen as 'going missing in action' when it came to the structure of green finance for projects.
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- May 9 2025
Cut taxes to bring relief to Australian policyholders, QBE chairman says
Australia’s state government insurance taxes raised US$2.2bn more than the entire industry’s profits in 2024.
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- April 30 2025
MIA no longer an excuse: time for insurers to create vintage blended solution to aid green finance
Leading climate experts have urged insurers to play a role in driving green finance and investments by supporting the risks of the new technology that will power the world’s energy future.
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- April 23 2025
Myanmar earthquake world’s third costliest economic loss event in Q1: Gallagher Re
California fires' US$40bn losses expected to be an earnings event for carriers and is unlikely to affects global renewal cycles.
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- March 21 2025
Despite Typhoon Yagi losses, Hanoi Re to maintain strong capital buffers: AM Best
Global rating agency affirms insurer rating of B++ (good) for the reinsurer, with a stable outlook.
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- March 17 2025
Korean regulator to promote parametrics, support carriers’ overseas expansion to tackle emerging risks
FSC announces 11 proposals to address five major challenges – climate, overseas expansion, technology, population, and debt management.
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- February 27 2025
Japan’s deadly heavy snow likely to lead to property, BI claims with limited exposure
Regional loss adjusters tell IAN that record snowfall in Niigata, Ishikawa and Nagano prefectures, as well as other areas of Japan, has already led to travel delays, car accidents and property damage.
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- February 26 2025
Seadrif to establish Southeast Asia agricultural risk finance facility through Asean partnerships
Southeast Asia Disaster Risk Insurance Facility and Food and Agriculture Organization of the United Nations will conduct a pre-feasibility assessment and work with six countries to assess gaps and implement arrangements for climate investments.
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- February 20 2025
Australia set for increased summer rainfall, bushfire risks: Gallagher Re
Likelihood of above-average cloudiness and high ocean temperatures means Australia is expected to have notably above-average minimum temperatures through Q1 2025.
