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Emerging risks | Growth Opportunities | APAC Insurance

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Friday, July 31, 2026

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Nat Cat

2025-03-SouthKoreaWildfires2
South Korea wildfires to have limited impact on insurers' ratings, says S&P
April 3 2025
However, more extreme events this year could strain earnings and increase reinsurance costs, rating agency says.
australias-iag-trialling-portable-starlink-devices-to-strengthen-disaster-response
Australia’s IAG trialling portable Starlink devices to strengthen disaster response
April 2 2025
Tech investment aimed at reducing claims processing delays during catastrophic events.
insurance-losses-from-ex-tc-alfred-and-north-queensland-floods-surpass-a1-2bn
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.
Mandalay_Myanmar_Thailand_Earthquake4
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.
Mandalay_Myanmar_Thailand_Earthquake3
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.
Mandalay_Myanmar_Thailand_Earthquake2
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).
2025-03-SouthKoreaWildfires3
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.
Mandalay_Myanmar_Thailand_Earthquake1
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.
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The Inaugural Recognising excellence in Asia's insurance industry Find out more → Entries close
28 August