Typhoon Yagi triggered deadly floods and landslides in the Philippines, leaving 15 dead and 21 missing, and causing millions of USD in agricultural losses.
Four year plan outlines Australian Reinsurance Pool Corporation's approach to enhancing pool effectiveness and affordability amid a challenging nat cat and threat landscape.
Sector has experienced its most significant market shift since 2017, marked by increased insurer choice and improved conditions for buyers, broker said.
In its 2024-2025 corporate plan, the regulator emphasises the need for collaboration to improve affordability and strengthen the insurance industry’s resilience.
