Partnership aims to strengthen the Philippines' defence against annual US$3.5bn nat cat losses through improved through improved insurance and risk management practices.
Pacific Small Island Developing States could face financial losses from natural disasters surpassing 100% of GDP by mid-century — making a strong case for innovative insurance solutions.
Shanghai's 'Sponge City' initiative garners recognition for its approach to mitigating impacts of natural catastrophes, with China aiming to roll out similar initiatives to 80% of the country's urban areas...
Global marine premiums rise to US$35.8bn amid China's ascent in shipping tonnage, though Asia's growth lags due to weaker currencies and economic headwinds.
Reuters reports that France and U.S. will propose ban on new coal-fired power plants at COP28, potentially disrupting global energy and insurance sectors while facing opposition from coal-dependent nations...
In response to a critical need for financial counselling, identified by the Hayne Royal Commission, the Australian insurance industry pledges AU$30m (US$19.67m) to support an increase in services and accessibility...
Australian Climate Risk Index highlights the vulnerability of Australia’s power grid to climate change, with Western Australia and the Northern Territory facing the highest risk.
Rainfall in September and October falls to 71% and 65% below average respectively, with Bureau of Meteorology predicting sustained dry conditions as El Niño and associated risks takes hold.
The campaign releases seventh annual scorecard, with Australia's QBE highest ranked among Asia Pac (re)insurers, Japanese insurers middle of the pack, and Chinese insurers propping up the table.
