Policy is first parametric solution to include Fiji's coral reefs and provides cover up to US$450,000 for reef repair and community aid in the event of a cyclone.
With efforts to improve profitability and a strong capital position, Japan's GI industry received a stable outlook despite nat cat and macroeconomic challenges.
Ishikawa Prefecture worst hit with over 20,000 claims, as Japanese government estimates total damage from quake between ¥1.1- ¥2.6 trillion (US$7.5-US$17.7bn).
AU$202m (US$133m) of industry losses estimated from Jasper and AU$541m (US$357m) from Christmas/New Year storms, as QLD prepares for another cyclone to make landfall this week.
