The Actuaries Institute has identified key priorities to strengthen economic resilience and social equity, calling out five key areas for the federal government to consider in its 2025-2026 Budget.
The Insurance Council of Australia (ICA) has declared the North Queensland storm and flooding over the past few days as a 'significant event.'
The Insurance Bureau (Diwan), the insurance regulatory body in Iraq, announced the implementation of the pilot project for climate risk insurance, which is the first of its kind in Iraq and the region.
Chubb has reported a Q42024 net income of $2.58bn, a reduction of 22% from $3.30bn compared to the same period last year, as pre-tax catastrophe losses doubled.
MS Amlin has renewed its Phoenix Re sidecar for the fifth consecutive year, increasing the available collateralised capacity to more than $90m.
A vast majority of insurance claims from the rains and resultant flooding in the UAE has been settled.
A report by the Australian Bureau of Statistics (ABS) has said that insurance premiums have surged by an average of 11% over the past 12 months. It was just about a year ago that a devastating storm tore through Victoria's Gippsland region.
The Insurance Council of Australia (ICA) has welcomed the opening of the third round of funding from the federal government's AUD 1bn ($627, 205) Disaster Ready Fund, aimed at better protecting communities from the physical, economic and social impacts of worsening extreme weather events.
A joint study released in January 2025 by the IFoA and University of Exter says that the global economy could face a 50% loss in GDP between 2070 and 2090 unless immediate action is taken on the risks posed by climate change.
The lack of earthquake insurance coverage for a significant percentage of residential units, is further compounded by the ageing residences in urban areas of Taiwan, which leaves more than 60% of the houses with no covers for any seismic catastrophe that may occur.