Nat Cat

ICA calls for land-use planning reforms to mitigate risk from natural catastrophes

August 15 2024

In conjunction with the PIA, the Council urges collaboration between government and industry while emphasising need for the right resources and tools to reduce vulnerability.

Reinsurers minimising severe convective storm losses despite increasing threats: S&P

August 12 2024

Insured losses from global natural catastrophes in 2023 reached over US$100bn for the fourth consecutive year.

Global nat cat insured losses hit US$60bn in 1H 2024: Swiss Re

August 7 2024

Small to medium nat cat events were the primary driver of insured losses in the first half of the year.

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.

h1-2024-nat-cat-losses-exceed-five-ten-and-thirty-year-averages-munich-re

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.

guy-carpenter-estimates-5-to-10-rise-in-global-property-cat-limit-purchases-in-h1-2024

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.