To date, the Australian Reinsurance Pool Corporation (ARPC) has received 9,399 cyclone claims, with a total incurred value of A$121m ($77.9m), according to released statistics. The cyclone pool, which ARPC operates, targets support to cyclone-prone areas.
The General Insurance Association of Japan (GIAJ) has released the figures for claims paid out regarding the 2024 Noto Peninsula Earthquake. The earthquake occurred in January 2024.
A mid-7 magnitude rupture at the central-eastern Marmara Sea section would be likely to propagate eastward towards Istanbul, according to Dr Myrto Papaspiliou, head of International Catastrophe Model Research at Howden Re.
The APAC region, particularly in South Korea and Japan, experienced significant wildfires, floods and earthquakes in the first quarter of 2025 leading to billions of dollars in economic and insured losses, according to an Aon report.
Australian Reinsurance Pool Corporation (ARPC) has released updated analysis showing that the Cyclone Reinsurance Pool (cyclone pool) is delivering significant downward pressure on insurance premiums, and improving insurance availability for Australians living in cyclone-prone areas.
Türkiye is expected to suffer economic losses of around $300bn in the event of a major earthquake striking the country's commercial hub, Istanbul, the president of the Insurance Association of Türkiye (TSB), Mr Ugur Gulen, said.
A new integrated air, space and ground monitoring system to better detect and prevent major geological disasters has been rolled out by China.
Financial institutions should proactively incorporate nature in their approach to financing, says a white paper titled "Financing Our Natural Capital".
The Reserve Bank of New Zealand (RBNZ) has published the results from the 2024 General Insurance Industry Stress Test. The exercise assessed insurers' responses to a major earthquake and severe but plausible cyber-risk incidents.
Climate change induced shocks could result in at least 6% annual economic losses in one third of Asia -Pacific countries according to a new report by the UN Economic and Social Commission for Asia and the Pacific (ESCAP).