Nat Cat

Insurers have settled 96% of Auckland Anniversary and Cyclone Gabrielle claims: ICNZ

August 1 2024

Approximately 96% of total claims and 85% of claims value have been paid out from New Zealand's 2023 twin catastrophes.

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US$67bn in H1 nat cat losses significantly higher than ten-year average: Munich Re

July 31 2024

Japan's Noto Peninsula earthquake was costliest nat cat globally, while a landslide in PNG resulted in the largest loss of life.

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Guy Carpenter estimates US$35bn-US$40bn rise in global property cat limit purchases for H1

July 31 2024

Rising exposures, inflation, and recovering reinsurance profitability drives 5% to 10% increase in property cat capacity purchased.

Australia and California forge insurance partnership amid rising climate risks

July 26 2024

Insurance Council of Australia and California Department of Insurance (CDI) commit to partnership to build a shared view of growing risks and solutions.

Typhoon Gaemi wreaks havoc across the Philippines, makes double landfall in Taiwan

July 25 2024

Following an unusual path, Gaemi has caused loss of life, maritime disasters, and widespread damage.

Swiss Re integrates advanced global and Japan Fathom flood maps into CatNet

July 24 2024

Following its acquisition of flood modeler Fathom, Swiss Re has expanded availability of advanced maps in its risk assessment platform.

Aussie insurance delegation heads to Washington and California to explore nat cat solutions

July 21 2024

Senior insurance executives and officials to visit the US and discuss solutions for natural catastrophe risks and protection gaps.

Swiss Re: Nat Cat losses set to double over the next 10 years

July 19 2024

Geopolitical risk is also on the rise with the reinsurer warning that SRCC events are also more likely over the next 12 months.

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ICNZ calls for national climate adaptation model and ambitious 2050 goals

July 16 2024

The Insurance Council of New Zealand calls on Government to lead coordinated climate adaptation strategy to enhance nat cat resilience.

Singapore targets private wealth managers for ILS investment

July 16 2024

SGX has listed seven ILS so far in 2024 and the MAS said issuers from India and Africa are considering Singapore as a domicile.

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Chongqing struck by floods as China reports over US$13bn in nat cat losses in H1 2024

July 14 2024

Chongqing's record rainfall is the latest in a series of extreme weather events that have affected 33 million people in China this year.

Insurance claims for June floods in southern China reach US$440m: NFRA

July 12 2024

Insurers have received 95,000 claims, with 1.1bn yuan (US$151m) in payments and pre-payments isssued so far, says regulator.

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