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Nat CAT tag returned 692 results

  • Global: Weather risks are insurable-Swiss Re

    Weather risks, with adaptation actions, remain insurable, according to Swiss Re Institute (SRI). Insurers though need to adapt to a dynamic risk landscape by closely monitoring and incorporating socio-economic developments, the latest scientific research on climate change effects, and the status of local risk mitigation measures in their modelling.

    Asia | 09 Apr 2020
  • New Zealand: Tower sues quake insurer for US$48m restoration costs

    Tower Insurance yesterday advised it has lodged formal proceedings against the government-run Earthquake Commission (EQC) for more than NZ$80m ($48m) which the insurer said it is owed for rectifying building issues on EQC's behalf.

    Asia | 31 Mar 2020
  • Changes in climate add to unpredictability of pandemics

    Extreme weather patterns could increase the risk of pandemics occurring, according to a climate expert at AIR Worldwide.

    Asia | 30 Mar 2020
  • Chinese insurers urged to rethink coal insurance

    Ping An and other Chinese insurers should reconsider their support for any new coal projects, encourage existing coal company clients to accelerate their transition to renewable energy sources, and ramp up their services for the wind and solar industry, urges Mr Peter Bosshard directs the finance programme of the Sunrise Project which aims to scale social movements to drive the transition from fossil fuels to renewable energy.

    China | 27 Mar 2020
  • India: Businesses & government form umbrella body to fight climate change

    More than 40 organisations - including major industrial corporations such as Tata, Godrej, Mahindra and Wipro through their various philanthropic organisations, plus academic thinktanks, business schools, aid agencies, and the government's scientific advisers - have rallied together to co-operate on climate solutions.

    Asia | 26 Mar 2020
  • Middle East & Africa: Wind energy capacity tipped to grow rapidly

    The Global Wind Energy Council (GWEC), an international association for the wind power industry, has predicted rapid acceleration in the coming years in wind energy capacity in the Middle East and Africa. By 2024, GWEC said MENA will have 10.7 gigawatts (GW) of wind energy capacity, a 167% increase from now.

    Middle East | 23 Mar 2020
  • Hong Kong: Govt introduces 2 Bills to boost regional insurance hub status

    The Hong Kong government has gazetted two insurance amendment Bills relating to insurance-linked securities (ILS) and direct regulatory powers over the holding companies of multinational insurance groups. The Bills were gazetted last Friday.

    Asia | 23 Mar 2020
  • Questions over Beijing's economic pumping choices and their impact on air pollution

    The Chinese government is said to be debating whether to ease restrictions on the amount of harmful particles that vehicles emit from their tailpipes -- a measure known as particle number, or PN, reported Bloomberg.

    China | 20 Mar 2020
  • GCC: Water conservation efforts need to be stepped up to meet rising demand

    A shortage of freshwater looms on the horizon in the GCC if the current trend of water consumption in the region continues, according to findings by Orient Planet Research (OPR), an Orient Planet Group venture.

    Middle East | 19 Mar 2020
  • Singaporean SMEs indifferent to impact of climate change - QBE

    According to a recent survey conducted by QBE Singapore, only 1 in 5 Singaporean SMEs felt that the impact of climate change was a relevant issue for their business.

    AIRPlus | 19 Mar 2020

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