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Nat CAT tag returned 517 results

  • Australia: Autumn 2019 reflects pattern of extreme weather

    The Australian Actuaries Climate Index shows that autumn 2019 continued the pattern of extreme weather: last autumn ranked as the second most extreme in the number of hot days ever recorded in the three months from March, and the third when ranked against all seasons.

    Asia | 16 Sep 2019
  • Turkey: Istanbul deemed unprepared for next big deadly earthquake

    Seismology experts say that Istanbul, a city of 15m people, falls short in its preparations for a large earthquake.

    Middle East | 15 Sep 2019
  • Morocco: Govt imposes 1% tax on non-life premiums for Nat CAT fund

    The Moroccan government has imposed a new tax to augment funds to help those who do not have insurance against natural disasters.

    Middle East | 15 Sep 2019
  • MENA: Growth of cities needs to be disaster-proofed

    Natural disasters - such as flood, extreme heat and drought-in MENA countries have affected 40m people over the last 30 years, aggravated by a number of factors including the rise in population density.

    Middle East | 15 Sep 2019
  • Japan: (Re)insurance losses from Typhoon Faxai expected to be high

    Still reeling from previous Nat CAT losses, Japan was once again struck by another Nat CAT earlier on Monday when the powerful Typhoon Faxai struck Tokyo and nearby regions, signifying a potential for relatively high insurance losses as the country gets ready to host the Rugby World Cup later this month and the 2020 Tokyo Olympics next year.

    Asia | 12 Sep 2019
  • Cities have to adapt and become more resilient to tackle climate change

    According to a new report 'Taking the Heat: Making Cities Resilient to Climate Change' by Goldman Sachs Global Markets Institute, cities will be on the frontlines of climate adaptation and building up their resilience has the potential to drive one of the largest infrastructure build-outs in history and will likely require innovative sources of financing.

    Asia Risk | 11 Sep 2019
  • Insurance-linked securities weathers storm of CAT bond losses: Aon

    The insurance-linked securities (ILS) sector is poised to resume growth following a plateau in 2018 as CAT bond levels remain consistent year-over-year despite challenging market conditions.

    AIRPlus | 11 Sep 2019
  • Only 9% of economic losses from catastrophes in Asia are insured: AIR

    Insured losses for catastrophes account for only about 9% of economic losses in Asia reflecting the very low insurance penetration in the region, revealed catastrophe modeling firm AIR Worldwide (AIR) in its 2019 'Global Modeled Catastrophe Losses' report. On the other hand, 24% of economic losses globally are insured.

    Asia | 10 Sep 2019
  • China: Typhoon Lekima spells US$10bn economic loss in August

    Typhoon Lekima is the deadliest and costliest storm of the 2019 Western Pacific typhoon season after landing as a 110 mph (175 kph) Category 2 storm in China's Zhejiang Province on 10 August , according to Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions.

    Asia | 10 Sep 2019
  • Nat CAT: Insured losses from Dorian estimated at US$1.5-3bn

    Catastrophe risk modelling firm AIR Worldwide estimates that industry insured losses resulting from Hurricane Dorian's impact to the Caribbean will range from $1.5bn to $3bn.

    Asia | 10 Sep 2019

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