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Emerging risks | Growth Opportunities | APAC Insurance

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Sunday, November 8, 2026

Nat Cat events

2025-03-SouthKoreaWildfires1
Over 5,000 insurance claims lodged after South Korea wildfires, assessments ongoing: Report
April 14 2025
Crop loss claims dominate claims following wildfires in Uiseong and Sancheong Counties.
RACQ
Cyclone Alfred leads to largest number of property claims in RACQ's history
April 8 2025
Insurer's losses estimated up to A$220m (US$133m), with Cyclone Reinsurance Pool expected to cover most of the figure.
iags-wfi-insurance-donates-us250000-to-aid-western-queensland-flood-relief
WFI Insurance donates A$250,000 to aid Western Queensland flood relief
April 5 2025
IAG subsidiary supports Rural Aid's efforts to deliver immediate assistance to flood-stricken farming communities.
Mandalay_Myanmar_Thailand_Earthquake4
Allianz says Thailand’s Nat Cat risk steady, but climate change may ‘reshape’ risk assessment: Report
April 3 2025
However climate change is likely to raise Thailand’s exposure to floods and windstorms, says CEO.
Mandalay_Myanmar_Thailand_Earthquake1
Myanmar earthquake to spark risk reassessment in cities far from fault lines: Moody's
April 3 2025
Earthquake caused the collapse of an under-construction building in Bangkok, 1,000km away from epicentre.
2025-03-SouthKoreaWildfires2
South Korea wildfires to have limited impact on insurers' ratings, says S&P
April 3 2025
However, more extreme events this year could strain earnings and increase reinsurance costs, rating agency says.
australias-iag-trialling-portable-starlink-devices-to-strengthen-disaster-response
Australia’s IAG trialling portable Starlink devices to strengthen disaster response
April 2 2025
Tech investment aimed at reducing claims processing delays during catastrophic events.
insurance-losses-from-ex-tc-alfred-and-north-queensland-floods-surpass-a1-2bn
Insurance losses from ex-TC Alfred and North Queensland floods surpass A$1.2bn
April 2 2025
The ICA reports over 104k claims lodged from the two nat cats so far, with around 95k of those from Alfred.
Mandalay_Myanmar_Thailand_Earthquake4
Thai Re says Bangkok building collapse will not have a material impact on its financial position
April 2 2025
Reinsurer says its exposure does not exceed 1.4% of the contract value, based on calculation using PML.
insurers-on-alert-as-western-queensland-faces-catastrophic-flooding
Insurers ready to deploy resources as Western Queensland hit with worst flooding in 50 years
April 1 2025
More rainfall is forecast, and the ICA is working with government agencies to assess the impact and support recovery efforts.
Mandalay_Myanmar_Thailand_Earthquake3
Thai insurers reassessing earthquake coverage after Bangkok building collapse: Report
April 1 2025
Thai General Insurance Association says insurers are reviewing nat cat coverage and may separate earthquake and flood cover from fire policies.
Mandalay_Myanmar_Thailand_Earthquake2
Thailand insurers assess Bangkok building collapse with damages expected to exceed US$29m: Report
March 31 2025
State Audit Office building reported to be insured under all risk policy for 2.2bn baht (US$65m).
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