Nat Cat

ICA Declares 'Significant Event' as NSW severe storms hit 11,500 claims

April 10 2024

11,527 claims to date, but still too early to estimate insurance losses, says Insurance Council of Australia.

Verisk announces launch of Next Generation Models for nat cat risk

April 10 2024

Verisk launches over 100 Next Generation Models, including models for the APAC region, to enhance risk assessment and insured loss accuracy for the (re)insurance industry.

Taiwan earthquake highlights importance of disaster resilience: Moody's Analytics

April 10 2024

While possibilities of semiconductor production delays remain, lessons learned from 1999 Jiji earthquake have made Taiwan more resilient.

floods-continue-to-reign-as-asias-top-nat-cat-peril

Floods continue to reign as Asia Pac's top nat cat peril

April 9 2024

Floods were again Asia Pacific's costliest natural catastrophe in 2023, as global protection gap continues to widen.

Taiwan's property insurers poised to maintain stability despite early industry loss estimates up to US$8bn

April 8 2024

Early loss estimates vary from hundreds of millions up to US$8bn, but industry should be well positioned to absorb impact.

Sydney hit with severe flooding as torrential rains prompt evacuations and rescues

April 7 2024

Torrential downpours in NSW lead to overflowing dams, hundreds evacuated, and government announcement of a disaster recovery package.

Insurers on alert as Eastern Australia braces for 'black nor'easter' weather event

April 4 2024

Severe weather forecast, including 'black nor'easter' phenomenon, with some insurers taking proactive steps in preparation of torrential rain and flooding.

Taiwan earthquake: insurers brace for BI claims with tech operations disrupted

April 4 2024

Moody's predicts minor economic impact, while AM Best says ''significant amount' of any insurance losses could come from business interruption.

australian-local-government-association-calls-to-more-than-double-disaster-ready-fund

Australian Local Government Association calls for significant increase in Disaster Ready Fund

April 4 2024

ALGA suggests increasing annual DRF allocation to AU$450m (US$297m), echoing calls from the industry for more long term solutions to insurance affordability.