Subject: Climate Page 22 / 29
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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.
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- June 8 2021
Swiss Re CorSo appoints Chubb exec to head Australia / NZ
Christine Bell will join the global insurer in August.
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- June 7 2021
Q&A: Hannover Re’s Michael Eberhardt talks BI and climate change risk
The Sydney-based MD also discussed key reinsurance trends affecting both Australia and New Zealand.
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- June 4 2021
East Asia summer cyclone activity to be ‘above normal’: Guy Carpenter
The number of formations is expected to increase 44% compared to the historical six-month average.
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- May 13 2021
Asia’s flood risk landscape shaped by human intervention
Insurance experts stress climate change is not the only determining factor.
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- May 3 2021
Climate change: the real costs to Asia Pacific
Asia can lead the way in climate change mitigation.
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- April 26 2021
Asean’s climate exposure a call to action for insurers
Higher claims expected from secondary perils such as droughts and torrential rainfall.
