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Emerging risks | Growth Opportunities | APAC Insurance

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Thursday, October 8, 2026

Claims and losses

HualienEarthquake
Strict and well-enforced building codes key to minimising Hualien earthquake losses: Guy Carp
April 15 2024
Disaster preparedness helps mitigate impact of the largest earthquake to hit the island in 25 years.
HualienEarthquake
CoreLogic lowers Taiwan Earthquake loss estimate to US$500m-US$1bn
April 12 2024
CoreLogic revises initial US$5bn-US$8bn insurable loss estimate, aligning with more closely with other industry figures.
ica-australian-summer-extreme-weather-insurance-losses-hit-au1-2bn
Australian summer nat cat bill surpasses AU$1.6bn
April 10 2024
Cyclone Jasper, Valentine's Day storms, and Christmas Storms have seen a combined 130,000 claims.
axa-xl-promotes-declercq-to-head-of-technical-claims-and-exposure-management-for-apac-and-europe
AXA XL promotes Declercq to Head of Technical Claims and Exposure Management for APAC & Europe
April 9 2024
Cedric Declercq has been with the specialty (re)insurer for 12 years.
floods-continue-to-reign-as-asias-top-nat-cat-peril
Floods continue to reign as Asia Pac's top nat cat peril
April 9 2024
Floods were again Asia Pacific's costliest natural catastrophe in 2023, as global protection gap continues to widen.
HualienEarthquake
Taiwan's property insurers poised to maintain stability despite early industry loss estimates up to US$8bn
April 8 2024
Early loss estimates vary from hundreds of millions up to US$8bn, but industry should be well positioned to absorb impact.
perils-second-industry-loss-estimate-for-australias-christmas-storms-rises-to-aud1-547bn
PERILS second industry loss estimate for Australia's Christmas Storms rises to AUD1.547bn
April 3 2024
AU$1.547bn (US$1bn) figure is an increase from PERILS's initial AU$1.395bn loss estimate, reported on Feb 14.
reinsurers-credit-ratings-expected-to-remain-stable-following-baltimore-bridge-collapse-fitch
Reinsurers' credit ratings expected to remain stable following Baltimore Bridge collapse: Fitch
April 2 2024
Despite potential for record-breaking claims, syndication of reinsurance programme should see credit ratings remain stable.
major-claim-looms-for-pi-clubs-after-singapore-flagged-ship-causes-collapse-of-baltimore-bridge
Cost of Baltimore bridge collapse could run into the billions
March 27 2024
Claims to be well in excess of GXL US$100m attachment point, leaving reinsurers bearing bulk of insured cost, but risk understood to be spread across 80 reinsurers.
major-claim-looms-for-pi-clubs-after-singapore-flagged-ship-causes-collapse-of-baltimore-bridge
Major claims loom for P&I Clubs and reinsurers after Singapore-flagged ship causes collapse of Baltimore Bridge
March 26 2024
Container ship collided with bridge, causing it to collapse and sending people and vehicles into the Patapsco River, with initial estimates suggesting damage could run into the billions.
aerial-and-satellite-images-employed-to-fast-track-noto-peninsula-quake-claims
Noto earthquake claims rise to 115k, with 59% paid: GIAJ
March 22 2024
Latest numbers show accepted claims have increased from 67k at end Jan, though good progress has been made with 83% of investigations now completed.
icnz-reports-91-of-auckland-anniversary-and-cyclone-gabrielle-claims-settled
ICNZ reports 91% of Auckland Anniversary and Cyclone Gabrielle claims settled
March 20 2024
Over NZ$3bn (US$1.812bn) paid out as of March 1, with 92% of property and 94% of contents and motor fully resolved.
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Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.