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Emerging risks | Growth Opportunities | APAC Insurance

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

Claims and losses

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.
hong-kong-underwriting-profits-and-gross-premiums-fell-sharply-in-2023
Hong Kong underwriting profits fell sharply in 2023
March 8 2024
Extreme weather and a struggling property market paved the way for big drops across multiple lines, according to provisional Insurance Authority data.
insurance-council-of-australia-labels-victorias-valentines-day-storms-a-significant-event
Insurance claims from Victoria's Valentine's Day storms top AU$100m
March 8 2024
Victoria's 14 Feb severe storms trigger nearly 20,000 claims worth AU$104m (US$69m), says ICA.
asic-warns-general-insurers-to-continue-claims-handling-improvement
ASIC warns General Insurers to continue claims handling improvement
March 6 2024
Aussie regulator acknowledges steps taken by the industry, but notes that complaints are still increasing.
ica-australian-summer-extreme-weather-insurance-losses-hit-au1-2bn
ICA: Australian summer extreme weather insurance losses hit AU$1.2bn
March 4 2024
100,000 claims from Christmas and New Year Storms and Cyclone Jasper push summer nat cat tally to AU$1.2bn (US$782bn).
insurance-council-of-australia-labels-victorias-valentines-day-storms-a-significant-event
Insurance Council of Australia labels Victoria's Valentine's Day storms a 'Significant Event'
February 16 2024
Storms left half a million without power and have led to nearly 10,000 claims so far.
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