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Nat CAT tag returned 434 results

  • New Zealand: Wellington forms taskforce to tackle insurance premium hikes

    Wellington, the capital of New Zealand, is forming a taskforce to look at the insurance market amidst premium increases that are hitting businesses hard.

    Asia | 12 Jun 2019
  • India: Frequency and duration of heat waves forecast to increase

    The frequency of heat waves and their duration in India may begin to increase from as early as 2020, says a study by the Indian Institute of Tropical Meteorology (IITM), even as the large swathes of the country are currently sweltering in heat waves with temperatures exceeding 45°C.

    Asia | 11 Jun 2019
  • New Zealand: Insurance body says quake risk solutions have to be proportionate & sustainable

    The only way to ensure the long-term affordability of insurance for earthquake risk is to reduce risk, Mr Tim Grafton, chief executive of the Insurance Council of New Zealand, as he proposed potential solutions to address quake risk that he said should be proportionate to the scale of the problem.

    Asia | 11 Jun 2019
  • New Zealand: EQC secures reinsurance cover of over US$4bn

    International reinsurers have shown their continuing confidence in New Zealand and the Earthquake Commission (EQC) with an agreement reached for NZ$6.2bn ($4.1bn) of reinsurance with EQC for the policy year that began on 1 June 2019, EQC Chief Financial Officer Chris Chainey has said.

    Asia | 10 Jun 2019
  • Australia: Financial regulators hailed for leading in climate risk action

    Australia's financial regulators are taking the lead in a global push to put climate risk at the centre of financial supervision, Mr Jonathan Dixon, secretary general of the International Association of Insurance Supervisors, has said.

    Asia | 07 Jun 2019
  • Global reinsurer boosts risk transfer capacity amid Nat CAT

    SCOR obtained a multi-year risk transfer capacity of $250m to protect itself against named storms in the US, earthquakes in the US and Canada as well as windstorms in Europe after the reinsurer successfully sponsored a new catastrophe bond. Called 'Atlas Capital UK 2019', the risk period for the CAT bond will run from 1 June 2019 to 31 May 2023.

    Asia | 06 Jun 2019
  • Australia: Proposals forwarded over costly premiums in the north

    The National Insurance Brokers Association (NIBA) has called for a fresh review of government intervention to address high premiums in northern Australia.

    Asia | 06 Jun 2019
  • Sea level rise by 2100 may be double the present estimate

    International scientists led by the University of Bristol, UK, have had a relook at the Intergovernmental Panel on Climate Change (IPCC) estimates on how much the world's oceans are likely to rise during this century.

    Asia Risk | 05 Jun 2019
  • Rising seas threaten Australia's major airports

    Most of the major airports in Australia are located on reclaimed swamps. This makes them only a few metres above the present-day sea level. And the risk of sea level rise from climate change poses a greater threat to these airports than Australia is prepared for.

    Asia Risk | 05 Jun 2019
  • Australia: Insurance body develops weather risk app

    The Insurance Council of Australia (ICA), which represents general insurers in the country, has developed a breakthrough mobile phone and tablet app, called MyHazards, that summarises the severe weather-related and natural disaster risks that could potentially affect homes and businesses.

    Asia | 05 Jun 2019

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