Climate – (Re)in Asia

Climate

Close-up of a political map focusing on China and surrounding countries, with India to the southwest.

Typhoon Bavi triggers 6,000 early claims as Zhejiang begins recovery

July 13 2026

China's insurers are processing thousands of claims following Typhoon Bavi's landfalls in Zhejiang, with Ping An, PICC and China Pacific reporting early losses and payouts.

Map showing China in yellow surrounded by neighboring countries in pink and purple, including India, Mongolia, Korea, and Japan on a globe-like projection

China's July floods drive 320,000 claims, US$323m in payouts so far

July 10 2026

Reservoir breaches from Typhoon Maysak drove much of the loss, with insurers bracing for more as Typhoon Bavi approaches.

Map of China with a small Chinese flag pinned to mark a location on the country outline and surrounding regions nearby in orange and blue seas.

China's insurers fast-track claims after deadly Guangxi floods, Hubei tornadoes

July 10 2026

Ping An P&C alone has reported more than 10,000 claims worth an estimated CNY110m (US$16.17m).

Close-up map highlighting the island nation of Tonga with two red pushpins nearby.

Tonga's expanded drought policy triggers PCRIC payout after Niua rainfall shortfall

July 7 2026

It marks the country's second payout from the regional insurer, and the first under drought cover it added only at this year's renewal.

Three young women walk along a busy street with pink scarves draped over their heads; one looks down at a phone while the others adjust their scarves as cars pass by in the background.

Parametric heat insurance triggers payouts for over 39,000 women workers in India

July 3 2026

A total of ₹2.06m (US$21,700) was paid to insured women workers across Gujarat and Delhi.

Street flooded by heavy rain with people wading and riding motorcycles amid submerged vehicles and buses under gray skies.

Philippines' Insurance Commission calls for stronger climate resilience as catastrophe risks intensify

June 26 2026

Insurance Commissioner Regalado said insurers need to adjust underwriting, pricing, reserving and capital management to better reflect future climate-related risks.

Wide field of blue solar panels arranged in neat rows across a sunny landscape, capturing solar energy.

Targeted climate resilience investment could cut renewable losses by US$28bn in India – Zurich Kotak

June 26 2026

Quantifying resilience benefits may unlock capital while reducing climate-driven losses, the insurer said.

Satellite image of a powerful hurricane swirling toward the coast of northern Australia, with a clear eye offshore.

Australia's cyclone reinsurance pool cut premiums but affordability pressures persist — ACCC

June 25 2026

Premium relief has been concentrated in northern Australia, while prices continue to rise across the rest of the country.

Boardwalk winds through coastal scrub toward a line of wind turbines along the ocean horizon on a sunny day.

Asia renewable projects face tighter underwriting scrutiny despite stable reinsurance capacity — Willis

June 19 2026

The region added a record 513.3 GW last year, but supply-chain disruption, climate volatility and China's subsidy changes are reshaping how those projects get insured.

Construction worker in a yellow helmet climbs a rusted rebar framework at a construction site with trees in the background, wearing a white shirt and purple pants in mid-climb.

India construction insurance capacity grows as insurers sharpen focus on risk governance — Aon

June 11 2026

Infrastructure, energy transition and digital projects are lifting demand, while higher asset values are drawing closer underwriting scrutiny.

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