Climate

https-reinasia-com-thailand-disaster-scheme-to-add-thb15bn-in-premiums-shift-most-risk-overseas

Thailand disaster scheme to add THB15bn in premiums, cede most risk to overseas reinsurers

September 11 2026

International reinsurers are expected to absorb over 93% of the proposed programme's THB75bn (US$2.27bn) exposure, with domestic carriers retaining only a small portion of the risk.

ASIC to review disaster-area insurance claims intermediaries under new corporate plan

ASIC identifies disaster-area insurance claims handling as focus area for 2026-27

September 10 2026

Life insurance servicing, AI-related risks, and regulatory efficiency are also among ASIC’s key areas of focus for 2026–27.

IA launches climate insurance lab as Hong Kong pushes climate resilience agenda

September 9 2026

The Climate Insurance Lab will build shared data infrastructure, develop regulatory guidance, and run a product innovation platform for insurers.

A vast rice paddy field with young plants and water channels.

Philippine crop insurer sets aside US$3m for weather-related claims

September 8 2026

Rice-related claims make up the bulk of the payouts at PHP132.9m (US$2.12m), ahead of high-value crops and corn.

Thailand backs US$465m disaster insurance scheme for 30m households

Thailand backs US$2.2bn disaster insurance scheme for 30 million households

September 3 2026

The scheme is intended to shift disaster financing away from post-event relief towards pre-arranged insurance protection

Australia rebuild costs rise 30% as disaster repairs strain housing capacity

Australia home insurance premiums face pressure as rebuild costs rise 30%

September 1 2026

Roof tiles have risen 77% in five years and Queensland build costs went up around 45% since 2021, with insurers receiving 409,094 home claims worth A$11.3bn (US$8.1bn) since 2022, according to ICA fig...

Dusk cityscape of Tokyo with the tall Tokyo Skytree rising above a dense cluster of buildings and a river in the foreground.

KIRI urges insurers to make inclusive insurance a core business line

August 24 2026

As climate and demographic risks intensify, KIRI urged insurers to move beyond traditional compensation and support recovery efforts.

Magnifying glass over a map highlighting China and surrounding regions in Asia.

Typhoon Dolphin drives nearly 130,000 insurance claims across China

August 18 2026

Estimated losses reached CNY1.75bn (US$259.5m), with insurers having paid or prepaid CNY80m across six regions by 12 August.

Green rice paddies flooded with water on terraced fields in a rural landscape

Philippine House approves expanded crop insurance bill as storm losses test PCIC

August 17 2026

The measure would widen coverage to more agricultural risks while allowing parametric products and greater private-sector participation.

Parched cracked earth with scattered tufts of green grass emerging between the cracks in a drought-affected field

Insurers face growing compound risk from heat and water stress, Moody’s warns

August 14 2026

Global water demand is projected to exceed supply by 40% by 2030, sharpening pressure on insurers to model chronic climate risks.

Aerial view of a modern data centre in the APAC region with solar panels and green spaces.

APAC data centre capacity to triple by 2030 as climate risks rise — Allianz

August 12 2026

Malaysia is expected to expand its data centre capacity more than tenfold, ranking alongside India and Japan among the region’s fastest-growing AI infrastructure markets.

Suncorp GWP rises 2.7% as natural hazard costs exceed allowance

August 12 2026

Natural hazard costs reached A$2.02bn (US$1.4bn) for the year, A$254m above insurer's annual allowance.

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25 September