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Nat CAT tag returned 807 results

  • Japan: Sompo Japan to halt insuring new domestic construction of coal-fired plants

    Sompo Holdings has said that Sompo Japan Insurance will not insure and invest in new construction of coal-fired power plants in Japan, except for projects for which underwriting, investment and financing have already been announced.

    Asia | 28 Sep 2020
  • AIR Worldwide updates multiple peril crop insurance model for China

    Catastrophe risk modelling firm AIR Worldwide has released an updated Multiple Peril Crop Insurance (MPCI) Model for China to support probabilistic assessments for five newly modelled crop lines of business and a newly modelled sub-peril. This update also includes a new livestock module that adds six additional lines of business and two new sub-perils.

    China | 25 Sep 2020
  • UAE: Environment Ministry and Insurance Authority form plan to help insurers deal with climate change

    The Ministry of Climate Change and Environment has drawn up an action plan to enhance the insurance sector's capabilities to adapt to the repercussions of climate change.

    Middle East | 24 Sep 2020
  • New Zealand: Financial sector to report on climate risks

    New Zealand will be the first country in the world to require the financial sector to report on climate risks, according to Minister for Climate Change James Shaw.

    Asia | 23 Sep 2020
  • Global: Swiss Re introduces triple-digit internal carbon levy

    Global reinsurer Swiss Re has announced further measures to support the transition to a low carbon economy. Starting January 2021, Swiss Re's internal carbon levy will increase from today's $8 per tonne to $100 per tonne CO2.

    Asia | 16 Sep 2020
  • The changing nature of risk

    The (re)insurance industry is navigating one of the most significant periods of change in recent times which is altering perceptions of risk across the sector. The impact of COVID-19, the first globally systemic insurance loss, has put pressure on a marketplace already addressing challenges on multiple fronts. During this period of transformational change, reinsurance continues to be a highly effective tool to enable insurers to respond, according to a panel of speakers at the media briefing 'The changing nature of risk' hosted by Guy Carpenter.

    AIRPlus | 15 Sep 2020
  • MENA among regions facing biggest number of ecological threats

    Sub-Saharan Africa, South Asia, the Middle East and North Africa are the regions facing the largest number of ecological threats, according to the inaugural edition of the Ecological Threat Register (ETR).

    Middle East | 14 Sep 2020
  • Africa: New scheme to be launched next year to mitigate flood losses

    The African Risk Capacity (ARC) Group, a pan-African risk management insurance group, plans to launch a new product in 2021 to help member countries fight floods.

    Africa | 14 Sep 2020
  • Managing flood risk

    Recent floods ravaging parts of East and South Asia have once again brought the issue of flood risk to the forefront. Flood risk has, in fact, been increasing due to the impact of global warming and the increasing intensity of acute climate events coupled with rapid urban development, according to FM Global Asia vice president and client service manager Tan Hian Hong.

    AIRPlus | 11 Sep 2020
  • China works on resilience building efforts

    Facing the spectre of intensifying disaster risk, China is moving apace with its resilience building efforts - from emergency response and protective infrastructure, to developing agricultural insurance products, according to a World Bank knowledge note.

    China | 11 Sep 2020

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