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Emerging risks | Growth Opportunities | APAC Insurance

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Thursday, November 5, 2026

Nat Cat

NatCat - 2023 Australias Christmas Storms
PERILS' third insurance loss estimate for Australia's Christmas Storms at AU$1.563bn
July 1 2024
New figure marks a slight increase from PERILS' second industry loss estimate of AU$1.547bn (US$1.033bn).
ica-urges-inclusion-of-building-resilience-in-australias-national-construction-code-2025
ICA urges inclusion of building resilience in Australia's National Construction Code 2025
July 1 2024
"Embedding resilience in the Code is a critical step," says ICA CEO Andrew Hall.
KansaiAprilHail
Guy Carpenter estimates insurance losses for Kansai April hail at US$1bn
July 1 2024
Recurring hail events have prompted Japanese insurers to implement new risk management strategies, says Guy Carp.
nz-updates-legislation-renames-eqc-to-natural-hazards-commission
NZ updates legislation, renames EQC to Natural Hazards Commission
July 1 2024
New Natural Hazards Insurance Act aims to modernise legislation, clarify cover entitlements, and improve claims experience.
china-revises-response-laws-to-improve-handling-of-nat-cats-and-other-emergencies
China revises response laws to improve handling of nat cats and other emergencies
June 29 2024
Revisions to Emergency Response Law introduce stricter rules and larger penalties for handling of natural catastrophes, accidents, and public health emergencies.
iag-overhauls-reinsurance-program-to-limit-nat-cat-volatility-over-next-five-years
IAG overhauls nat cat reinsurance program to mitigate volatility
June 28 2024
Five-year program includes volatility cover from Berkshire Hathaway and Canada Life, which would see FY25 peril costs limited to AU$1.283bn in 90% of modelled scenarios.
climate-change-drives-urgent-need-for-more-granular-data
Lack of nuanced, local climate data to intensify underwriting challenges for APAC insurers
June 26 2024
The need for more granular data has become more pressing as climate risks escalate.
climate-insurtech-ibisa-secures-us3m-funding-to-scale-parametric-insurance-in-asia-and-africa
Climate insurtech IBISA secures US$3m funding to scale parametric insurance in Asia and Africa
June 26 2024
Funding will support expansion into emerging markets.
japans-general-insurance-industry-must-work-tirelessly-to-rebuild-trust-giaj-chairman
Japan's general insurance industry must work "tirelessly" to rebuild trust: GIAJ Chairman
June 24 2024
Keisuke Niiro stresses importance of restoring industry trust following price-fixing and fraud claims controversies.
insurance-council-of-australia-welcomes-new-building-codes-that-prioritise-nat-cat-resilience
Insurance Council of Australia welcomes new building codes that prioritise nat cat resilience
June 24 2024
New homes will be required to withstand extreme weather by 2028.
Southern China rain and floods
Insurance claims hit US$85m as heavy rain and floods ravage southern China
June 24 2024
Dozens of lives lost and hundreds of thousands affected, with NFRA reporting 18,400 insurance claims so far.
arpc-undergoing-premium-rates-review-for-cyclone-reinsurance-pool
ARPC undertaking premium rates review for Australia's Cyclone Reinsurance Pool
June 21 2024
Potential changes including strata mitigation discounts and updated multi-storey algorithm.
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