Pool reaches 95% coverage of eligible risks; however, data quoted by ARPC on premium reductions appears to conflict with findings from the ACCC and ACIL.
Asean Renewable Energy Pool is a pivotal move to help insure and promote renewable energy development in a region highly exposed to the impacts of climate change.
New report shows improvement in accessibility, but warns 'misalignment on views of cyclone pool coverage' and building cost inflation remain key issues for affordability.
As Cyclone Jasper brews off the North Quensland coast, ACCC releases report saying premiums in North WA, North QLD, and NT went up 4%, 7%, and 13% receptively this year.
GIC Re and P&C insurers deliberate reallocating portion of 150bn rupee (US$1.8bn) terrorism pool toward mitigation of risks related to nuclear energy and sanctioned imports.
