Subject: Climate Page 20 / 29
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- May 5 2022
Australia floods hit Hannover Re’s Q1 P&C COR
The February and March floods have cost the global reinsurer US$196m so far.
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- May 4 2022
520,000 Aussie properties ‘uninsurable’ by 2030: Climate Council
80% of the risk is due to riverine flooding for "high risk" properties.
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- April 27 2022
Singapore regulator calls on (re)insurers to improve BI policies
Director Gillian Tan believes insurers are well-placed to improve cover, but data is key.
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- April 21 2022
Capacity remains strong for Asia’s renewable energy boom
Major Singapore and Indonesia solar project signed as insurers tested by new technologies in hardening market.
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- April 14 2022
IAG exec issues climate change warning for Western Australia
Mark Leplastrier, executive manager for natural perils, says the market is investing in research.
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- April 13 2022
Asia’s agri market sees parametric growth
The sector is faced with a significant protection gap that needs more innovative underwriting.
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- April 11 2022
Net-zero affecting capacity in Asia
Brokers say that net-zero commitments are starting to affect pricing.
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- April 4 2022
Australia P&C renewals to be ‘tougher’ as cats bite: AM Best
Insurers usually buy cat excess-of-loss reinsurance with a limit above an expected 1-in-200-year loss.
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- March 28 2022
Governments should step up nat cat market outreach
Recent flooding in Malaysia and Australia reinforce urgency in setting up protection schemes.
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- March 22 2022
Bridging Asia’s environmental liability insurance gap
Tightening regulations and heightened awareness are driving demand in a complex risk environment.
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- March 21 2022
Swiss Re’s net-zero pledge could make Asia’s reliance on fossil fuels more costly
Asian reliance on LNG under pressure as reinsurers take aim at new oil and gas projects.
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- March 15 2022
Senior China official calls for insurers to issue ILS in HK: report
Samuel Yung suggests the SAR and GBA develop a climate and disaster data sharing framework.
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- February 11 2022
Chaucer launches new ESG scorecard
The China Re-owned specialty player is teaming up with Moody’s to track ESG metrics.
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- February 10 2022
QBE joins UN’s Net-Zero Insurance Alliance
The insurer has agreed to transition its underwriting portfolio to net-zero by 2050.
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- February 9 2022
Aussie climate tech firm FloodMapp raises US$6m
The funding round for the cat modeller was led by Union Square Ventures’ Climate Fund.
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- February 7 2022
Korean insurers too slow to quit coal
Samsung F&M and other Korean insurers lag global peers in adopting coal policies.
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- January 26 2022
Typhoon Rai triggers US$52.5m cat bond payout for Philippines
Following a wind metric, another calculation for the World Bank instrument will look at precipitation.
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- January 18 2022
Market raises concerns over Asia secondary perils pricing
Inadequate models are putting pressure on underwriting results, say market participants.
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- January 18 2022
Powerful Queensland hailstorm triggers commercial claims
The storm damaged a council building, an aquatic center and an art gallery in Toowomba.
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- January 14 2022
Climate crisis dominates Asia’s risk outlook
Nat cats caused US$50bn of losses in APAC in 2021, as WEF says top five risks are linked to climate change.
