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Emerging risks | Growth Opportunities | APAC Insurance

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Tuesday, September 1, 2026

Nat Cat

suncorp-group-joins-australian-government-funded-cyclone-reinsurance-pool-1
Suncorp joins Australian government-funded Cyclone Reinsurance Pool
June 30 2023
The Australian Government introduced the AU$10bn (US$6.7bn) cyclone and flood damage reinsurance pool in July 2022 to help insurance companies manage NatCat risks.
apac-dominates-with-six-out-of-the-top-ten-largest-natcat-losses-in-2022
APAC dominates with six out of the top ten largest NatCat losses in 2022
June 27 2023
Aon report reveals US$80bn in economic losses in the region, of which 86% were uninsured.
global-howden-group-appoints-rowan-douglas-as-ceo-of-climate-risk-and-resilience
Global: Howden Group appoints Rowan Douglas as CEO of Climate Risk and Resilience
June 27 2023
The company aims at accelerating growth in climate and resilience capabilities
apac-protection-gap-widened-73-to-us882bn-over-the-last-decade-swiss-re-institute2-1
APAC protection gap widened 73% to US$882bn over the last decade
June 26 2023
The Swiss Re Institute identified NatCat, agri, health, and mortality as four key perils - with the protection gap widening to US$1.8 trillion globally.
icnz-over-nz1bn-us621m-paid-out-for-auckland-anniversary-weekend-floods-and-cyclone-gabrielle-so-far
ICNZ: Over NZ$1bn (US$621m) paid out so far for Cyclone Gabrielle and Auckland Anniversary Weekend Floods
June 22 2023
While 35% of claims have been settled, the Insurance Council of New Zealand's Chief Executive said there's still a long road ahead.
irdai-asks-for-claims-related-to-cyclone-biparjoy-to-be-settled-quickly
IRDAI calls for speedy settlement of Cyclone Biparjoy claims
June 17 2023
Insurers urged to help financial burden of those affected by expected widespread damage.
iag-expects-to-exceed-perils-allowance-for-the-seventh-time-in-eight-years
IAG expects perils cost to hit AU$2.9bn (US$1.99bn) and exceed perils allowance for the seventh time in eight years
June 15 2023
At its Investor Day, IAG executives revealed rate hikes, expected perils costs, and expected business achievement for 2023.
australian-insurance-industry-reacts-positively-to-allocation-of-au400m-drf-fund-but-ica-believes-theres-still-more-to-be-done
Australian insurance industry reacts positively to allocation of AU$400m DRF Fund, but ICA believes there's still more to be done
June 7 2023
The ICA and industry reaction was positive, however the ICA continues its call for a 10-year rolling program.
australia-chu-dives-into-arpcs-cyclone-reinsurance-pool-in-july
Australia: CHU dives into ARPC's Cyclone Reinsurance Pool
June 1 2023
CHU's strata and build-to-rent portfolios will enter the pool in July, with more to follow by the end of the year.
ica-declares-hunter-and-central-coast-hailstorm-as-a-significant-event-6021-of-7552-claims-motor-related
ICA declares NSW hailstorm a significant event - 6021 of 7552 claims motor related
May 29 2023
The destructive hailstorm occurred on Friday 26th May in the Hunter and Central Coast regions of New South Wales.
A photo of Flood in New Zealand. PERILS logo in top left corner.
PERILS increases industry loss estimate of Cyclone Gabrielle to NZ$1.925 Billion
May 17 2023
The estimate is a 25% increase over the data provider's initial estimate in March.
A photo of Singapore's Gardens in the Bay. AON logo in top left corner.
Aon establishes new climate hub in Singapore
May 17 2023
The hub is part of Aon's Centre for Innovation and Analytics, which Aon plans to grow significantly over the next ten years.
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