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Emerging risks | Growth Opportunities | APAC Insurance

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Friday, July 31, 2026

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Nat Cat

phdist
Philippine insurance market set for strong growth, but huge protection gap persists: GlobalData
July 24 2025
Market is projected to grow to over US$4bn by 2029, but insurance gap leaves millions financially vulnerable to climate disasters.
File photo: Seocho-gu, Seoul, South Korea - August 6, 2020: Flood of Han River at Banpo Han River Park against high rise apartments
Motor insurance under pressure as flood losses surpass US$21m in flood-battered South Korea
July 24 2025
Over 3,000 claims have been made to non-life insurers as of Monday, 21 July.
Philippines
Philippines storm, flooding displaces 800,000 and causes widespread agriculture and infrastructure damage
July 23 2025
Over 20,000 people remain in evacuation centres as authorities report rising economic losses and ongoing search efforts for missing persons.
Screenshot of Korea Meteorological Monitor as of 20 July 2025
South Korea’s non-life insurers and conglomerates aid flood-hit regions after 'once-in-a-century' storms
July 23 2025
President Lee Jae-Myung has declared six districts as special disaster zones due to the record-setting rains.
rising-premiums-persist-despite-cyclone-pool-reducing-costs-for-australias-high-risk-areas-accc
Rising premiums persist despite cyclone pool reducing costs for Australia's high-risk areas: ACCC
July 22 2025
The ACCC highlighted that average premiums for home and strata are generally rising across Australia.
global-catastrophes-drive-near-record-insurance-losses-worldwide-in-h1-2025
Global catastrophes drive near-record insurance losses worldwide in H1 2025
July 22 2025
Major events in Australia, Myanmar, and Thailand drove significant insured and economic losses in APAC during the first half of 2025.
typhoon-wipha-leaves-hong-kong-counting-economic-losses-of-up-to-hk2bn
Asia feels Typhoon Wipha’s toll, but HK insurance claims forecast well below Saola
July 22 2025
Wipha left a trail of damage across multiple countries, forcing evacuations, suspending flights and highlighting ongoing nat cat risks.
tonga-eyes-expanded-pcric-disaster-cover-with-us1m-premium-plan
Tonga makes commitment to expand parametric cover with PCRIC
July 21 2025
Proposed renewal would broaden Tonga’s parametric insurance to include drought for the first time.
suncorp-expands-disaster-response-with-new-regional-hub-in-townsville
Suncorp expands disaster response with new regional hub in Townsville
July 18 2025
Suncorp CEO Steve Johnston says the new facilities will improve the company’s ability to aid customers affected by extreme weather in the region.
seadrif-gallagher-re-partner-on-milestone-renewal-in-lao-pdr
SEADRIF, Gallagher Re partner on 'milestone' multi-peril parametric policy for Lao PDR
July 18 2025
Renewal expands coverage beyond flood and marks one of the first times government-reported human impact data serves as the trigger for payouts.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August