Nat Cat

insurance-council-of-australia-labels-victorias-valentines-day-storms-a-significant-event

Insurance claims from Victoria's Valentine's Day storms top AU$100m

March 8 2024

Victoria's 14 Feb severe storms trigger nearly 20,000 claims worth AU$104m (US$69m), says ICA.

Australian Treasury looks to standardise natural hazard insurance definitions

March 7 2024

New consultation aims to standardise natural hazards to enhance transparency and consumer understanding.

descartes-underwriting-receives-japanese-licence

MGA Descartes Underwriting secures broker registration in Japan

March 7 2024

Registration will help MGA enhance awareness and presence of parametric solutions in Japan.

ICA: Australian summer extreme weather insurance losses hit AU$1.2bn

March 4 2024

100,000 claims from Christmas and New Year Storms and Cyclone Jasper push summer nat cat tally to AU$1.2bn (US$782bn).

Philippines most exposed country globally to Nat Cat losses

March 1 2024

Asia Pac countries make up seven of the top 10 countries globally with the greatest economic exposure to climate change.

nsw-launches-first-state-disaster-mitigation-plan-to-combat-rising-nat-cat-costs

NSW launches Australia's first State Disaster Mitigation Plan to help combat rising nat cat costs

February 23 2024

Plan promises a proactive approach to disaster risk reduction including improved early warning systems and reviews of building codes and insurance levy arrangements.

Western Australia braces for ex-tropical cyclone Lincoln's return

February 21 2024

The cyclone is set to reintensify, after previously causing extensive rainfall in the NT, and is part of a series of weather challenges facing Australia.

Insurance Council of Australia labels Victoria's Valentine's Day storms a 'Significant Event'

February 16 2024

Storms left half a million without power and have led to nearly 10,000 claims so far.

PERILS: Cyclone Gabrielle's final insurance loss estimate at NZ$2.17bn

February 16 2024

Industry loss estimate increases to NZD 2.174bn (US$1.33bn); contributing to record NZ$4.4bn in losses when combined with Auckland Anniversary Weekend Floods.

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Noto Peninsula Earthquake: 25,000 of 76,500 claims processed so far

February 16 2024

Insurance claims surge to 76,497, with 25,246 paid so far according to GIAJ's latest figures.

APRA Chair highlights importance of insurance affordability and accessibility amid rising risks

February 15 2024

John Lonsdale was speaking to the Senate Economics Legislation Committee about APRA's interim supervision and policy priorities.

mic-global-and-wrms-to-launch-parametric-microinsurance-flood-product-india

MIC Global and WRMS to launch parametric microinsurance flood product in India

February 15 2024

MiIncome Flood Resilience is a loss of income product designed to help protect India's merchants and gig workers.

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