Nat Cat

China braces for Typhoon Bebinca after Yagi’s onslaught

September 13 2024

The typhoon is projected to hit the coastal areas between Zhejiang and Fujian.

bulk-of-vietnams-typhoon-yagi-losses-to-be-borne-by-reinsurers-am-best

Bulk of Vietnam's Typhoon Yagi cat losses likely to be borne by reinsurers: AM Best

September 13 2024

Low attachment points mean losses unlikely to impact domestic carrier's capital, with reinsurance appetite for regional nat cat risks to be tested at 1/1 renewals.

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.