Nat Cat events

weak-risk-models-and-poor-data-contributing-to-growing-nat-cat-losses-capgemini

Better risk models and data needed to help curb rising nat cat losses: Capgemini

April 23 2024

Innovative underwriting and better data can help improve property insurer's combined ratio says new report.

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90% of Noto Earthquake claims investigated as of 31 March

April 22 2024

Latest figures from GIAJ show that approx. 115,000 of 128,000 claims investigated, with 81,000 claims now paid.

Guangdong initiates emergency measures to protect 127m residents as one-in-100-year flood looms

April 21 2024

Severe flooding set to worsen on Monday morning as China undergoes massive emergency effort to mitigate impact and save lives.

TSMC estimates US$92.44m loss from Hualien earthquake

April 20 2024

Lack of structural damage at world's largest semiconductor manufacturer helps minimise BI losses.

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Asia bears 40% of Q1 nat cat economic losses: Gallagher Re

April 18 2024

Japan's earthquake contributes US$12bn of Asia's US$17bn in natural catastrophe losses, according to preliminary data.

Strict and well-enforced building codes key to minimising Hualien earthquake losses: Guy Carp

April 15 2024

Disaster preparedness helps mitigate impact of the largest earthquake to hit the island in 25 years.

CoreLogic lowers Taiwan Earthquake loss estimate to US$500m-US$1bn

April 12 2024

CoreLogic revises initial US$5bn-US$8bn insurable loss estimate, aligning with more closely with other industry figures.

Taiwan earthquake losses unlikely to exceed those of 2016 Meinong quake: AM Best

April 11 2024

Industry estimates have varied dramatically, but AM Best anticipates insurance losses from 3 Apr earthquake will not exceed Meinong earthquake's US$500m in losses.

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Australian summer nat cat bill surpasses AU$1.6bn

April 10 2024

Cyclone Jasper, Valentine's Day storms, and Christmas Storms have seen a combined 130,000 claims.

ICA Declares 'Significant Event' as NSW severe storms hit 11,500 claims

April 10 2024

11,527 claims to date, but still too early to estimate insurance losses, says Insurance Council of Australia.

Taiwan earthquake highlights importance of disaster resilience: Moody's Analytics

April 10 2024

While possibilities of semiconductor production delays remain, lessons learned from 1999 Jiji earthquake have made Taiwan more resilient.

Taiwan's property insurers poised to maintain stability despite early industry loss estimates up to US$8bn

April 8 2024

Early loss estimates vary from hundreds of millions up to US$8bn, but industry should be well positioned to absorb impact.

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