Subject: Climate Page 31 / 33
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- February 12 2020
World Bank’s influence over Asia’s nat cat cover grows
Reinsurers are allying with the Washington institution to create some sizeable programmes.
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- February 12 2020
IAG’s H1 profits fall 43% as Harmer raises climate fears
The firm is now expecting A$850m of nat cat costs this year, up from A$715m in January.
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- February 5 2020
Cyclone threatens Australia as summer claims hit US$1.46bn
Cyclone Damien would be the third tropical storm of a wild weather season for the market.
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- February 5 2020
Philippines to develop nat cat risk pooling facility
The facility could make catastrophe protection for privately-owned assets compulsory.
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- January 29 2020
How is China embracing environmental standards?
Regulatory and corporate action illustrates desire to reduce risk but much more action is needed.
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- January 27 2020
Generali and BlackRock moves signal green market shift
The financial sector is taking note of its role in driving sustainability and resilience.
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- January 23 2020
Nat cat insured losses hit US$845bn last decade: Aon
Global costs of economic damage more than doubled with Asia Pacific accounting for 44%.
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- January 15 2020
Market hedged against Australia’s long, hot summer
The risk transfer policies of leading insurers means the sector will bounce back.
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- January 13 2020
How can models adapt to Japan’s typhoon risk?
The market needs to balance optimistic assumptions, multiple models and climate change.
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- January 8 2020
Australia’s majors meet treasury as bushfire claims hit US$484m
The government has offered US$1.38bn towards recovery efforts from the bushfires.
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- December 23 2019
Claims expected as village almost destroyed in NSW
The devastation is yet another set back for residents, firefighters, authorities and insurers.
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- December 20 2019
Cat insured losses fell to US$56bn in 2019: Swiss Re
The preliminary estimate points to a decrease of US$37bn compared with 2018.
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- December 4 2019
Will Asia’s insurers follow Axa’s lead on coal?
There is still plenty of capacity in the market but the tide is slowly turning.
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- November 29 2019
Axa targets coal exit by 2040 and eyes green investments
The pledge could wipe out an estimated US$666m from global coal markets.
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- November 18 2019
Australia’s unprecedented bushfires
Insurers on the hook for over US$100m in a disaster worsened by climate change.
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- November 11 2019
Millions evacuated as Cyclone Bulbul makes impact
The storm has killed 13 people and is likely to wreak further damage in India and Bangladesh.
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- November 8 2019
Swiss Re seeks to double its book in Asia: Higginbotham
The reinsurer has ambitious plans for the next five years.
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- November 4 2019
Australia to face intensified cyclone risk: IAG
Rising temperatures will lead to more devastation in New South Wales and Queensland.
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- October 31 2019
Building resilience for a changing climate: SIRC 2019 panel
Senior market figures shared a sophisticated approach to protecting assets.
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- October 31 2019
Singapore sees potential in Seadrif and Adfri: SIRC 2019
Indranee Rajah, a Singapore minister, welcomed the South East Asia Disaster Risk Insurance Facility.
