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Nat CAT tag returned 576 results

  • Australia: Bushfire losses exceed US$80m so far this year

    Bushfires have cost Australian insurers more than A$120m ($82m) so far this year, and the losses are continuing to mount, according to the Insurance Council of Australia (ICA).

    Asia | 14 Nov 2019
  • Egypt: Insurers aim to close coverage gap by developing 3 areas

    The Insurance Federation of Egypt (IFE) is seeking to implement policies aimed at closing the insurance protection gap, which is estimated at $2.8bn in the Egyptian market, according to Mr Alaa El-Zoheiry, the president of the association.

    Middle East | 13 Nov 2019
  • Typhoon Hagibis caused at least $10bn economic loss, says Aon report

    Total economic losses for typhoon Hagibis are expected to exceed $10bn with insured losses minimally in the billions, according to Aon's latest monthly 'Global Catastrophe Recap' report which evaluates the impact of the natural disaster events that occurred worldwide during October 2019.

    Asia | 11 Nov 2019
  • Turkey: September earthquakes boost demand for insurance

    Demand for compulsory earthquake insurance has increased rapidly after the magnitude 4.6 and 5.8 earthquakes in Istanbul on 24 September and 26 September.

    Middle East | 11 Nov 2019
  • Australia: 4th bushfire catastrophe announced this year

    The Insurance Council of Australia (ICA) has declared a catastrophe for the tragic bushfires blazing in northern New South Wales, that has so far destroyed more than 150 homes.

    Asia | 11 Nov 2019
  • New Zealand: Wellington residents told not all risks can be shifted to insurers

    Wellington residents should no longer assume that risk can be transferred to insurers to mitigate the impact of natural disasters, says the Wellington Mayor's Insurance Taskforce in a discussion paper released earlier this week.

    Asia | 08 Nov 2019
  • As global warming continues unabated, societies need to refocus on tougher issues

    With global warming making weather more unpredictable and leading to more harvest failures and increasing the risk of growing migration and poverty, sustainable development as we think of it today may be out of reach, a top U.N. specialist in climate change losses has said.

    Asia Risk | 06 Nov 2019
  • Tunisia: Govt launches Nat CAT disaster insurance fund

    The Minister of Agriculture, Water Resources and Fisheries, Mr Samir Bettaieb, has officially launched the Natural Disaster Damages Compensation Fund (Fidac).

    Middle East | 05 Nov 2019
  • Japan: General insurers discuss co-assessment of damage in Nat CAT events

    The General Insurance Association of Japan (GIAJ) plans to create a mechanism for non-life insurers to collaborate and investigate damage in large-scale disasters caused by typhoons and heavy rains, said Mr Yasuzo Kanasugi, the association's chairman.

    Asia | 05 Nov 2019
  • New Zealand's catastrophe insurance data now covered by PERILS

    PERILS, the independent Zurich-based provider of catastrophe loss data and indices, has recently extended its market coverage to include New Zealand. Via its database, the firm will now make available market-wide property sums insured exposed to the perils of earthquake, flood and extratropical cyclones in New Zealand. In addition, it will provide event loss data for any events above a market loss of NZ$300m ($193.6m) caused by these respective perils.

    Asia | 04 Nov 2019

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