Underwriting performance at Hanoi Re recovered in FY 2025, driven by favourable loss reserve development, lower management expenses and higher premium rates.
Lagging mitigation and rapid urbanisation are fuelling Asia’s outsized flood loss growth, while global catastrophe losses remain below long-term trend.
The insurance sector faces the potential for added pressure amid ongoing claims from recent NT and QLD floods, both states which could be impacted by Narelle.
