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Emerging risks | Growth Opportunities | APAC Insurance

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Monday, August 24, 2026

Claims and losses

202406-SouthernChinaFloods
Insurance claims for June floods in southern China reach US$440m: NFRA
July 12 2024
Insurers have received 95,000 claims, with 1.1bn yuan (US$151m) in payments and pre-payments isssued so far, says regulator.
japan-sees-two-of-four-global-nat-cat-events-over-us1bn-in-h1-2024-cresta
Japan hit with two billion-dollar cat events in first half of 2024: CRESTA
July 2 2024
Japan accounts for two of four events that exceeded US$1bn in insurance losses in CRESTA's international (non-US) loss data.
NatCat - 2023 Australias Christmas Storms
PERILS' third insurance loss estimate for Australia's Christmas Storms at AU$1.563bn
July 1 2024
New figure marks a slight increase from PERILS' second industry loss estimate of AU$1.547bn (US$1.033bn).
KansaiAprilHail
Guy Carpenter estimates insurance losses for Kansai April hail at US$1bn
July 1 2024
Recurring hail events have prompted Japanese insurers to implement new risk management strategies, says Guy Carp.
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.
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