Nat Cat

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.

committee-flags-shortcomings-in-australias-cyclone-reinsurance-pool-calls-for-structural-reforms

Joint Select Committee urges changes to Cyclone Reinsurance Pool

March 28 2025

Recommendations include extension of 48-hour rule, enhanced resilience measures, and potential inclusion of marine insurance.

insurance-industry-criticises-budget-for-overlooking-flood-resilience-measures

Budget missing 'much needed' disaster resilience measures: Insurance Council of Australia

March 28 2025

ICA says lack of new flood mitigation funding, failure to remove insurance taxes could worsen premium pressures.

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.

pvi-insurances-underwriting-results-affected-by-yagi-but-overall-impact-is-limited-am-best

PVI Insurance's underwriting results affected by Yagi but overall impact limited: AM Best

March 21 2025

AM Best affirms PVI's ratings, highlighting robust reinsurance growth and strong balance sheet.

APRA urges insurers to improve governance and claims management ahead of regulatory changes

March 21 2025

CPS 230 and FAR are set to reshape risk oversight, while Cyclone Alfred tests claims handling.

Hanoi Re reports underwriting loss in 2024 due to Typhoon Yagi: AM Best

March 21 2025

AM Best affirms ratings, with reinsurer seeing an overall operating profit in 2024 thanks to investment gains.

Remote risk layers insulate ILS market from storm losses in 2024

March 21 2025

ILS sector posts ‘stellar returns yet again’ in 2024 as losses from Hurricanes Milton and Helene were largely absorbed by primary insurers.

insurance-claims-following-ex-tropical-cyclone-alfred-exceed-74k

Insurance claims from ex-tropical Cyclone Alfred rise to 74,000

March 20 2025

The number of claims has risen by over 10,000 since Monday.

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