Property

Asia Pac Nat Cat insured losses below trend in 2024

January 28 2025

Typhoon Yagi was Vietnam's costliest storm on record, but total natural disaster figures were lower than 2023.

acil-calls-for-cyclone-resilience-plan-using-surplus-funds-from-cyclone-pool

ACIL calls for surplus funds from cyclone pool to be used for resilience programme

January 23 2025

Consumer lobby calls for Government to allocate AU$100m (US$62.8m) in cyclone resilience funding from upcoming budget.

la-wildfires-drive-insured-loss-estimates-as-high-as-us45bn

LA Wildfires: insured losses projected up to US$45bn

January 21 2025

Industry losses estimated between US$10bn and US$45bn, with some Asia (re)insurers facing exposure.

Severe storms across Australia’s eastern states trigger surge in insurance claims

January 17 2025

Insurers mobilise after strong winds, hail hit New South Wales and Queensland.

Korean insurers could see losses of over US$70m from LA wildfires: Report

January 17 2025

DB Insurance and Korean Re among those exposed to losses from wildfires.

Updated assessment reveals higher earthquake risks in Australia

January 15 2025

Geoscience Australia's latest update identifies Darwin and Victoria's Latrobe Valley as regions with increased seismic hazard.

Fears that LA wildfires could pressure Australian insurance prices

January 15 2025

The economic loss estimates from the wildfires which are ravaging the Greater LA area are as high as $275bn.

moodys-set-to-acquire-goespatial-real-estate-intelligence-firm-cape-analytics

Moody’s set to acquire geospatial data analysis firm, CAPE Analytics

January 14 2025

CAPE Analytics creates property intelligence analytics through computer vision, machine learning, and geospatial imagery for regions including Australia, The U.S., and Canada.

university-of-hong-kong-urges-insurance-and-policy-advancements-amid-growing-climate-risks

University of Hong Kong calls for expansion of insurance solutions amid growing climate risks

January 13 2025

HKU Business School paper outlines ideas to turn climate risks into economic growth opportunities.

etiqa-to-sustain-underwriting-performance-despite-phased-liberalisation-of-fire-motor-lines-am-best

Etiqa to sustain underwriting performance despite market liberalisation of fire, motor lines: AM Best

January 13 2025

Ratings agency affirms ratings, with ongoing underwriting and pricing discipline expected to support strong operating performance.

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