Nat Cat events

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.

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.

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.

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).

Aon estimates South Korean wildfire economic losses in the hundreds of millions of dollars

March 31 2025

Fires are ongoing but are already the most destructive in the country's history.

7.7 magnitude earthquake causes significant loss of life and infrastructure damage in Myanmar, Thailand

March 29 2025

State of emergency declared in both countries, with epicentre near Sagaing, Myanmar and felt up to 2,000km away.

South Korea battles historic wildfire emergency

March 28 2025

Country facing its worst ever wildfire crisis, with over 20 fires causing 28 fatalities and displacing more than 37,000 residents since 21 March 2025.

Australia Disaster Ready Fund application deadline extended following severe weather events

March 27 2025

This funding is part of the Australian Government’s five-year, A$1bn programme to strengthen disaster resilience.

arpc-issues-preliminary-a1-7bn-loss-estimate-for-ex-tropical-cyclone-alfred

ARPC estimates reinsurance pool will cover A$1.7bn in Cyclone Alfred losses

March 25 2025

Estimate remains fluid and is likely to change as further assessments, more claims data become available, the corporation said.

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