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Nat Cat
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.
GIAJ reports US$350m in claims paid for Hyogo hail-fall
June 20 2024
As of 31 May, over 119,000 claims have been paid following the hail-fall.
Philippines' GI market to grow 9.5% annually through 2028, forecasts GlobalData
June 19 2024
Construction activity, rising vehicle sales, and increasing nat cat losses among key growth drivers.
NSW budget allocates AU$5.7bn for flood recovery and resilience
June 18 2024
Budget includes AU$5.7bn (US$3.77bn) for flood recovery, housing, and infrastructure projects over the next four years.
GIAJ: Noto Peninsula Earthquake claims rise to ¥90.9bn (US$578.02m)
June 13 2024
Approx. 145k of 150k residential claims have been investigated, with 69% of claims paid.
MAS and BIS develop blueprint for climate risk platform
June 13 2024
Project Viridis aims to merge regulatory and climate data from corporate disclosures to help financial authorities manage climate risks.
Australia's Christmas Storms top AU$1.2bn in industry losses: ICA
June 12 2024
Christmas storms have led to over 97,000 claims with half now finalised, according to the Council's latest update.
ICNZ calls for New Zealand's Fast-Track Approvals Bill to help address nat cat risks
June 11 2024
ICNZ backs polarising Fast-Track Approvals Bill for better natural hazard resilience while urging caution in land development.
EQC secures NZ$9.2bn in natural hazard reinsurance
June 6 2024
NZ$9.2bn (US$5.7bn) reinsurance cover marks an increase of nearly NZ$1bn from previous year's total.
Turning off insurance tap won’t help sustainability, says Aon APAC strategy group CEO
June 6 2024
Industry executives at InsureTech Connect Asia say simply exiting the fossil fuel market could hinder sustainability efforts.
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