ADB considering establishment of risk facility in Hong Kong, Kazakhstan, Singapore, or Labuan, which aims to manage nat cat impacts for 11 CAREC member nations.
Pacific Small Island Developing States could face financial losses from natural disasters surpassing 100% of GDP by mid-century — making a strong case for innovative insurance solutions.
Tower partners with CelsiusPro to enhance the technological infrastructure supporting their Cyclone Response Cover, a parametric insurance offering.
Howden Climate Parametrics will focus on climate-related risks, with the 30-person team led by Rowan Douglas and Philipp Kusche.
Global Data expects nearly 11% CAGR from 2023 to 2027, but loss ratio is still expected to rise in the coming years.
The cover will help protect Sri Lanka's largest seafood company from four key weather risks: earthquakes, typhoons, excess rainfall, and heat stress.