Subject: Climate Page 22 / 29
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- November 4 2021
COP26: (Re)insurers not aligned with net zero goal
While insurers have taken action on coal, campaigners have criticised the industry's failure to move away from oil and gas.
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- October 27 2021
Parima 2021: PPPs make green energy projects viable
Insurers say renewable business lines have struggled with profitability for many years.
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- October 25 2021
Risk transfer needs reinventing to address climate crisis
Current pricing relies on models that have consistently come up short.
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- October 18 2021
Shinhan Life joins net-zero climate push
Commitment to limit emissions of underwriting portfolio is first for an Asian insurer and comes ahead of COP26.
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
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- October 13 2021
Tropical Cyclone Seroja loss revised downward to US$290m: Perils
The nat cat data provider's initial estimates put the cost to the insurance industry at US$318m.
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- October 7 2021
Australia’s nat cat costs on upward trajectory
Natural disasters cost Australia around A$38bn per year but this figure is set to rise significantly.
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- October 5 2021
Japan’s SMEs see rise in corporate risks: GIAJ
General Insurance Association of Japan survey highlights a low level of consciousness among small-and-medium-sized enterprises.
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- October 4 2021
Tokio Marine backs out of thermal coal mining projects
Japan's top three P&C insurers had already stopped underwriting new coal power projects.
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- October 1 2021
Reinsurers not misreading climate risk threat, says GIC Re
Report says the reinsurance industry may have underestimated its exposure to severe weather events.
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- September 27 2021
NSW, Queensland floods loss estimate further revised downward
An initial A$1.06 billion hit has been lowered to A$751m.
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- September 24 2021
New Zealand insurers profitable despite nat cats
Report shows wildfires have also contributed to major claims along with heavy rainfall.
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- September 9 2021
CBIRC says motor insurance reforms meeting objectives
Regulator says auto insurance's share of the P&C market is nearing that of US and Japan after last year's regulatory changes.
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- September 7 2021
China and climate risks to drive P&C growth until 2040: Swiss Re
Reinsurer expects US$2.5tn in new global P&C premiums of which 43% will originate from emerging markets.
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- September 6 2021
Indonesia’s disaster pool highlights need for government intervention
Accessing reinsurance markets collectively gives state entities economies of scale.
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- August 6 2021
Moody’s buys RMS for US$2bn to bolster climate risk analytics
The rating agency flagged the risk modelling firm's P&C and life (re)insurance capabilities.
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- August 2 2021
Descartes Underwriting opens offices in Australia and Singapore
The French climate risk-focused MGA is expanding its operations to the Asia-Pacific region.
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- July 22 2021
Canterbury flood claims surpass US$30m
The May 29-June 1 flooding has been described as a ‘one in 200-year event’ by a climate scientist.
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- July 22 2021
China and Europe floods a wake up call for (re)insurers
The historic downpours highlight the need for more localised data and early-warning systems.
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- June 25 2021
Japan, US insurance regulators discuss climate and Covid
The Insurance Regulatory Dialogue brings together regulators from the FSA and NAIC.
