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Nat Cat
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.
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.
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.
One in 200 year downpours hit South Korea, causing landslides and flash floods
July 10 2024
Torrential rains in South Korea's southern regions lead to the deaths of five people, thousands evacuated, and widespread disruption.
Suncorp's FY25 reinsurance renewal bumps main cat limit, axes QLD quota share
July 5 2024
Cost of program expected to be broadly in line with FY24 renewal.
Japan hit with two billion-dollar cat events in first half of 2024: CRESTA
July 2 2024
Japan accounts for two of four events that exceeded US$1bn in insurance losses in CRESTA's international (non-US) loss data.
APAC insurers face systemic change due to evolving climate, cyber, and tech risks, say panellists
July 2 2024
Protection gaps are visible across APAC and insurance providers need to adapt, said industry experts at the Digital Insurance APAC conference.
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).
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