Nat Cat

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 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 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 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.

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.

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.

QBE sees Q1 GWP growth of 11%, but revises full-year CR target as Nat Cats hit hard

May 12 2023

The group performed well by some measures, but in April alone used US$480m of their 1H US$553m Nat Cat allowance.

Insurance Council of Australia welcomes Labour Government's budget, but pushes for more to be done

May 10 2023

The ICA had previously recommended extending the Disaster Ready Fund to ten years, but the proposal has yet to be adopted.

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