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Nat CAT tag returned 552 results

  • Australia increases mitigation spending by A$50m to manage Nat CAT better

    Following constant calls for a dramatic increase in funding for mitigation efforts, the senate or the upper house of Australia's bicameral parliament recently decided to increase mitigation spending by A$50m ($46.78m) on a yearly basis. This will make a significant difference to communities exposed to extreme weather and natural disasters which have become more prevalent over the last few years.

    Asia | 22 Oct 2019
  • Clyde & Co issues alert on potential claims issues from typhoon Hagibis

    Clyde & Co partner Nick Sykes recently issued an alert on the significant insured losses that could arise from typhoon Hagibis, which made landfall in Japan on 12 October.

    AIRPlus | 22 Oct 2019
  • Japan: Reinsurance limits impact on capitalisation of insurers from Faxai & Hagibis

    The impact from the two typhoons Faxai and Hagibis will be mildly credit negative for rated Japanese properties and casualty (P&C) insurers because of the potential for significant gross losses; that is, losses without reinsurance recoveries, says Moody's Investors Service.

    Asia | 22 Oct 2019
  • Japan: Big Three insurers unlikely to be adversely impacted by Faxai and Hagibis

    Given their appropriate catastrophe risk management and strong capitalisation levels, Japan's three major non-life insurers - MS&AD Insurance, Sompo Japan Nipponkoa Insurance and Tokio Marine & Nichido Fire Insurance - are unlikely to be affected by the recent mega-typhoons in the country according to a new AM Best commentary.

    Asia | 21 Oct 2019
  • Insurers receive first official guidance on protecting UNESCO world heritage sites

    The first guide for the insurance industry to protect world heritage sites was introduced at an event by UN Environment's Finance Initiative (UNEP FI) earlier this week in Brazil which was attended by prominent insurers, investors and banks.

    Asia | 17 Oct 2019
  • Swiss glaciers' melt rates are reaching 'record levels'

    Switzerland's glaciers have lost one-tenth of their volume in the past five years alone - a melting rate unmatched in observations stretching back more than a century.

    Asia Risk | 16 Oct 2019
  • Egypt: Regulator gives green light to regional sustainable finance centre

    Egypt's Financial Regulatory Authority (FRA) has approved the establishment of the Regional Centre for Sustainable Finance to accelerate the shift to a sustainable and green economy.

    Middle East | 16 Oct 2019
  • Applying AI to insurance - it's not rocket science, but it's close

    Floods, windstorms and earthquakes. It's hard to predict the exact moment they will strike, but with traditional data-based insights powered by new business intelligence technologies, business leaders are becoming better equipped to plan where to locate their next facility and prevent losses from the impact of natural catastrophes.

    AIRPlus | 15 Oct 2019
  • India: Four major cities face severe sea level rise threat

    Four Indian coastal cities-Kolkata, Mumbai, Surat and Chennai-will be severely threatened by rising sea levels, says a UN body, the Intergovernmental Panel on Climate Change (IPCC), in its "Special Report on the Ocean and Cryosphere in a Changing Climate" released last month.

    Asia | 15 Oct 2019
  • Japan to face more CAT losses with upcoming Typhoon Hagibis

    Japan is expected to encounter yet another category 5 Super Typhoon named Hagabis on Saturday morning (12 October). The track of Hagabis is very similar to that of Typhoon Faxai which just made landfall last month and is estimated to incur estimated insured losses of $5bn to $9bn, according to RMS.

    Asia | 11 Oct 2019

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