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Nat CAT tag returned 446 results

  • Increased public-private collaboration required to close the protection gap

    In order to close the protection gap that leaves emerging Asian countries most vulnerable to natural catastrophes, the Insurance Development Forum (IDF) has called upon the industry to accelerate public-private collaboration and action at the IDF Day held last week in Singapore during the annual Global Insurance Forum hosted by the International Insurance Society (IIS).

    Asia | 24 Jun 2019
  • Mutual microinsurance helps vulnerable communities: Study

    Mutual microinsurance has the potential to build financially literate, insurable and resilient communities, according a new study from the University of Cambridge Institute for Sustainability Leadership (CISL). For the first time, the study analysed how mutual microinsurance, a community-owned model of insurance, contributes to the recovery outcomes of low income households following a natural disaster. The CISL report was launched on 21 June 2019 at the Insurance Development Forum (IDF) in Singapore.

    Asia | 21 Jun 2019
  • Earthquake model for New Zealand gets updated

    With New Zealand being highly prone to earthquakes which can lead to significant insured losses, catastrophe risk modelling firm AIR Worldwide (AIR) has released its updated earthquake model for the country. This updated model has now become the first model to cover trans-ocean basin tsunami risk from distant earthquakes, such as those off the western coast of South America. The earthquake model can also be used to demonstrate compliance with the Reserve Bank of New Zealand's Catastrophe Risk Capital Charge requirement.

    Asia | 21 Jun 2019
  • Over $528m estimated losses caused by 2018 Sydney hailstorms

    The hailstorms which affected the greater Sydney region on 20 December 2018 are estimated to have caused a property insurance market loss of A$766m ($528.9m) according to PERILS's third loss estimate. This third report marks the first time that a detailed market-loss footprint, based on collected insurance loss data, has been made available for an Australian hail event. The estimate also includes the losses from the storm activity in south-eastern Queensland on 21 and 22 December 2018.

    Asia | 20 Jun 2019
  • Casualty analytics platform helps insurer perform multi-line risk analysis

    To understand and quantify its liability and loss potential across multiple commercial liability lines of business better, Sompo International is leveraging AIR Worldwide's casualty analytics platform, Arium. As part of their collaboration, AIR is also offering portfolio data coding services to Sompo International that include unique corporate identifiers and geocodes.

    Asia | 20 Jun 2019
  • Real-time predictions of disaster damage in Japan look to mitigate risk

    Aioi Nissay Dowa Insurance, Yokohama National University and Aon Benfield Japan have launched a free website that provides real-time predictions for the number of buildings at risk during natural disasters, reported Japan Times.

    Asia | 20 Jun 2019
  • China: About 100 insurers prepare for 17 June quake claims

    Nearly 100 insurance companies have set up an earthquake claims response facilities in the wake of Monday's 6.0 magnitude earthquake which hit Yibin in the southeastern part of Sichuan province in western China.

    Asia | 20 Jun 2019
  • The El Nino threat to Indian agriculture

    The El Nino weather threat is gaining momentum in the Indian sub-continent, as severe drought conditions persist across many Indian states, affecting the livelihoods of millions of farmers.

    AIRPlus | 19 Jun 2019
  • The nine countries most threatened by climate change are all in Asia.

    Nearly a billion people around the world live in areas with high exposure to environmental hazards such as cyclones, floods, and rising sea levels and majority of them live in Asia.

    Asia Risk | 19 Jun 2019

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