Nat Cat

Typhoon Yagi causes US$11bn in economic Losses in China's Hainan Province: Report

September 13 2024

Storm directly affected 400,000 people, or 96% of the population, in northwestern Lingao county.

hannover-re-projects-stable-prices-conditions-for-pampc-treaty-renewals-at-apac-1-1-renewals

Hannover Re projects increased retentions at Asia 1/1 renewals

September 13 2024

Reinsurer says it expects generally stable prices and conditions, but Asia regions may see carriers opt for increased retention to manage potential reinsurance rate hikes.

An Australian Flood Pool can’t “mask the price of the risk permanently”: ICA CEO Andrew Hall

September 10 2024

Using the U.S. flood program as a cautionary tale, Hall says any potential pool needs to work in tandem with flood mitigation.

insurers-have-settled-96-of-auckland-anniversary-and-cyclone-gabrielle-claims-icnz

ICNZ calls for clear adaptation framework to manage climate risks in New Zealand

September 10 2024

Insurance Council backs Climate Change Commission's first monitoring report which says pace of current efforts are insufficent.

two-years-on-points-of-contention-remain-for-australian-cyclone-reinsurance-pool-finity

Cyclone pool coverage extension may raise premiums, but could benefit high-risk areas

September 9 2024

Extending flood coverage to 168 hours is estimated to raise premiums by 5%, but new modelling could see high-risk properties better subsidised.

two-years-on-key-points-of-discussion-remain-for-australian-cyclone-reinsurance-pool

Two years on, key points of discussion remain for Australia's Cyclone Reinsurance Pool

September 6 2024

Pool achieves broad coverage, but debate about coverage periods, loss types continue, and exact consumer savings are hard to quantify, says Finity.

Typhoon Yagi causes devastation in the Philippines, strengthens as it heads toward China

September 5 2024

Typhoon Yagi triggered deadly floods and landslides in the Philippines, leaving 15 dead and 21 missing, and causing millions of USD in agricultural losses.

Asian nat cat insurance protection gap double Latin America’s

September 5 2024

Only 12% of Asian modelled nat cat economic losses are covered by insurance compared with 24% for Latin America.

seadrif-philippines-discuss-disaster-risk-finance-collaboration-amid-severe-nat-cat-exposure

SEADRIF and Philippines discuss disaster risk finance strategy amid severe nat cat exposure

September 3 2024

SEADRIF and the Philippine government discuss solutions to address annual natural catastrophe losses, estimated at 3% of GDP.

updated-australian-rainfall-anp-runoff-guidelines-forces-flood-risk-rethink

Updated Australian Rainfall & Runoff guidelines forces flood risk rethink

September 3 2024

Experts agree the new guidelines are overdue and crucial for adjusting flood data to account for the impacts of climate change.

Reinsurers achieve highest returns on equity in over a decade

August 30 2024

Reinsurers ‘excellent’ ROE in 2023 was down to better underwriting results and the rollback of unrealised investment losses.

australian-flood-estimation-guidelines-revised-to-reflect-climate-change

Australian flood estimation guidelines revised to better account for climate change

August 29 2024

Updated Australian Rainfall & Runoff guidelines say unadjusted historical observations are no longer suitable for flood estimations.

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