The NSW Minns Government has ceased further development in flood-prone areas of Sydney's north-west, a move seen as a strong measure to help protect families and businesses from future flood events.
In his 2023 policy address, Hong Kong Chief Executive John Lee announced a series of measures that are likely to be impactful on the insurance industry, including the acceleration of a HK$8 bn (US$1.02...
GlobalData predicts Australia's general insurance market to grow to AU$123.1bn (US$77.7bn), driven by heightened healthcare awareness and increasing rates for property and motor insurance — but challenges...
Severe glacial lake outburst flood in India's Sikkim and West Bengal states leaves nearly 100 dead, causing billions in economic losses due to extensive damage to dam infrastructure.
In its 22-23 report, the Australian Prudential Regulation Authority summarised work it undertook to enhance sector resilience and improve policyholder outcomes, while acknowledging escalating challenges...
Against the backdrop of devasting natural catastrophes, China's State Council is seeking to reduce the country's protection gap with expansion of insurance products in small towns, rural areas, and for...
Smith spoke at the Insurance Council of Australia's Annual 2023 Conference and emphasised importance of balance in the face of issues like cost-of-living pressures and natural catastrophes.
A model created by Lloyd's predicts that a food supply shock event could result in between US$3 trillion to US$18 trillion in global economic losses, with Greater China and APAC most vulnerable.
The disasters encompassed diverse events, including an avalanche in Nyingchi, Tibet, heavy rains in Henan Province affecting the harvest, and Typhoon Doksuri leading to catastrophic floods in the Hai River...
