Nat Cat

Taiwan's MSIG Mingtai to use Moody's RMS solutions to enhance disaster risk analytics

July 31 2023

MSIG Mingtai has adopted Moody's RMS solutions to enhance their earthquake and typhoon risk analytics models,.

philippines-to-propose-nation-indemnity-program-in-2024-budget-as-nation-recovers-from-typhoon-doksur-report

Philippines planning national indemnity scheme in 2024: Report

July 28 2023

The National Treasurer revealed the plan to Bloomberg after the country was hit by Typhoon Doksuri.

apac-1h-2023-natcat-losses-down-from-highs-but-still-above-average-munich-re

1H APAC NatCat losses trend above average, despite drop from 2022 highs: Munich Re

July 27 2023

New Zealand hit hardest in APAC, but devastating earthquake in Turkey and Syria tops global NatCat losses in 1H 2023.

am-best-downgrades-philippine-pc-outlook-due-to-tough-reinsurance-conditions

AM Best downgrades outlook for Philippine's P&C segment due to tough reinsurance conditions

July 26 2023

The credit rating agency revised the outlook from stable to negative, citing concerns over domestic insurers' increased exposure to NatCats due to reinsurance access difficulties.

australian-microbusiness-could-represent-a-growth-opportunity-for-insurers-report

Australian microbusiness segment could represent growth opportunity for insurers

July 26 2023

A new report from McKell Institute, in partnership with NRMA, highlights potential risks for microbusinesses, but potential opportunities for insurers.

The Insurance Council of Australia backs inquiry into 2022 floods

July 19 2023

The 2022 floods caused a record AU$7.17bn ($4.8bn) of insured losses and the enquiry aims to improve the industry's response to extreme NatCat events.

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Call for action to decrease India's flood risk protection gap

July 18 2023

A report from SBI shows that India has suffered the third highest number of natural disasters globally since 1900 .

North India braces for devastation: Insurers called to swift action

July 17 2023

IRDAI is encouraging insurers to streamline their process to ensure efficient handling of claims in the wake of flood-related incidents.

A large building with a sign in front of it.

Asia ILS market set for expansion: MAS

July 14 2023

Singapore regulator points to multiple tailwinds driving the region’s ILS sector.

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WTW and AXA Climate launch 4-peril parametric cover for Sri Lanka's aquaculture sector

July 12 2023

The cover will help protect Sri Lanka's largest seafood company from four key weather risks: earthquakes, typhoons, excess rainfall, and heat stress.

Aon and AbsoluteClimo collaborate to advance climate modelling

July 6 2023

The partnership aims to analyse the effects of climate change and variability on climate-based peril activity, providing (re)insurers with data to develop forward-thinking underwriting and pricing str...

RACQ becomes latest Australian insurer to jump into Cyclone Reinsurance Pool

July 3 2023

RACQ is the second Brisbane headquartered insurer to join the Federal Government's Cyclone Reinsurance Pool in less than a week.

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