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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Wednesday, October 28, 2026

Claims and losses

Southern China rain and floods
Insurance claims hit US$85m as heavy rain and floods ravage southern China
June 24 2024
Dozens of lives lost and hundreds of thousands affected, with NFRA reporting 18,400 insurance claims so far.
KansaiAprilHail
GIAJ reports US$350m in claims paid for Hyogo hail-fall
June 20 2024
As of 31 May, over 119,000 claims have been paid following the hail-fall.
2024 - Noto Peninsula Earthquake
GIAJ: Noto Peninsula Earthquake claims rise to ¥90.9bn (US$578.02m)
June 13 2024
Approx. 145k of 150k residential claims have been investigated, with 69% of claims paid.
south-korean-motor-insurers-pay-claims-from-trash-balloons-despite-war-exclusions-report
South Korean insurers pay 'trash balloon' claims despite war exclusions - report
June 13 2024
Insurers are opting to cover motor damage, citing unusual circumstances and classifying North Korea's trash-filled balloons as "falling objects".
NatCat - 2023 Australias Christmas Storms
Australia's Christmas Storms top AU$1.2bn in industry losses: ICA
June 12 2024
Christmas storms have led to over 97,000 claims with half now finalised, according to the Council's latest update.
singapore-airlines-offers-compensation-to-passengers-injured-in-severe-turbulence-reports
Singapore Airlines offers compensation to passengers injured in severe turbulence - reports
June 12 2024
Passengers with minor injuries reportedly offered US$10,000, while serious cases are in discussions about tailored compensation.
axa-xl-appoints-julie-morgan-as-head-of-claims-australia
AXA XL appoints Julie Morgan as Head of Claims, Australia
May 29 2024
Morgan succeeds Julijana Sumner, who was promoted to Chief Claims Officer for APAC & Europe in late 2023.
india-faces-growing-backlog-of-1m-motor-insurance-claims-valued-at-nearly-us10bn
India faces growing backlog of 1m motor insurance claims valued at nearly US$10bn
May 28 2024
RTI query uncovers over 1 million pending motor accident claims worth 805bn rupees (US$9.68bn).
aerial-and-satellite-images-employed-to-fast-track-noto-peninsula-quake-claims
Insurance losses for Noto Peninsula Earthquake jump over US$500m mark
May 24 2024
Total number of claims rises to over 140k, with 95% of investigations completed and 67% of payments made as of 26 April.
giaj-reports-over-us600m-in-insurance-losses-from-2023-windstorm-events
GIAJ reports over US$600m in insurance losses from 2023 windstorm events
May 21 2024
General Insurance Association reports 58,695 claims amounting to ¥95.43bn (US$610.75m) paid for separate June and July 2023 windstorm events.
2024 - NSW Severe April Storms
NSW's severe April storms cause AU$176m in insured damages
May 17 2024
95% of AU$176m (US$117m) in damages related to property, with insurers having paid out AU$10m so far, the ICA reports.
BaltimoreBridgeCollapse
Chubb prepares US$350m claim payout for Baltimore Bridge collapse - reports
May 3 2024
First major payout from Scott Key Bridge looms after incident sparks complex web of claims and lawsuits.
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