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Nat CAT tag returned 377 results

  • Insurers see claims of over HK$2.9bn from super typhoon

    According to recent statistics released by Hong Kong Federation of Insurers (HKFI), around 32,000 claims were incurred due to typhoon Mangkhut which struck Hong Kong in September 2018. These statistics were collected from 59 insurance companies accounting for over 80% of the market share.

    Latest News | 22 Mar 2019
  • Australia: Regulator urges insurers to move from awareness to action on climate change

    The Australian Prudential Regulation Authority (APRA) will increase its scrutiny of how insurers, banks and superannuation trustees are managing the financial risks of climate change to their businesses.

    Asia | 21 Mar 2019
  • Increasing climate uncertainty requires businesses to master the disaster

    The year 2018 provided dozens of sobering reminders that we are all vulnerable to natural catastrophes. While not all of us experienced the direct wrath of typhoons, floods or wildfires, we nevertheless witnessed the effect on people and communities, and felt the financial and economic fall-out.

    Asia Risk | 20 Mar 2019
  • Australia: Frequency of extreme hot days rising

    The Australian Actuaries Climate Index, updated for the first time since its launch in late 2018, shows that the number of extreme hot days was above historical levels in both winter and spring 2018, and that portions of Australia remained extraordinarily dry showing distinct signs of drought.

    Asia | 18 Mar 2019
  • European storm Eberhard expected to cost insurers over $1.16bn

    AIR Worldwide, a catastrophe risk modeling firm, estimates European winter storm Eberhard to have caused between EUR900m ($1.16bn) and EUR1.5bn of insured losses due to wind. A majority of these losses are expected to be in Germany.

    Latest News | 15 Mar 2019
  • Japan: Sompo Japan Nipponkoa offers insurance gift service

    Japanese messaging app company Line Corporation and Sompo Japan Nipponkoa Insurance have started a service enabling people to gift insurance products to acquaintances and others with the Line free messaging app on their smartphones.

    Asia | 15 Mar 2019
  • New Zealand: Biggest general insurer takes conservative approach in Wellington

    Insurance Australia Group (IAG), New Zealand's largest insurance group, has indicated that it would be taking a "conservative approach to writing new business in Wellington due to the high earthquake risk in that part of the country".

    Asia | 13 Mar 2019
  • Nat CATS in Feb cause widespread damage

    The month of February this year saw significant damages incurred due to various natural disaster events occurring worldwide, afflicting insurers and economies. Of note, over 22,204 claims were filed for damages caused by widespread flooding in Australia's Northern Queensland region and payouts exceeded A$893m ($635m), according to the Insurance Council of Australia (ICA). The Australian economy's total economic losses, including damage to property, infrastructure, and agriculture, is expected to hit at least A$1.7bn.

    Latest News | 11 Mar 2019
  • Managing climate related geopolitical risk

    Changing climate trends and extreme weather events can cause famine, migration, pandemic, destruction of assets and people, and conflict over scarce resources. Climate has a major impact on a businesses' decisions on where to invest and the profile of its available workforce. Political agendas will shape how climate change is managed and how committed global leaders are to acknowledge and address the issue within their country.

    Asia Risk | 06 Mar 2019
  • Tunisia: Govt to require businesses to acquire Nat CAT insurance

    The government will present to Parliament soon a draft insurance Bill covering natural disasters, which when passed would oblige businesses for the first time to contribute to a Nat CAT fund, according to Finance Minister Mr Mohamed Ridha Chalghoum.

    Middle East | 05 Mar 2019

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