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.
The Asia Pacific is home to more than 50 volcanoes that may be candidates to produce a VEI 7 eruption in future millennia, according to a report by Aon, a global firm providing a broad range of risk, retirement and health solutions.
Real and meaningful change to the issue of insurance affordability in northern Australia can only be brought about by focusing on the root causes rather than the manifestation, says the Australian Prudential Regulation Authority (APRA).
Less than half of people in the Middle East think that they or their country could be doing more on climate change, according to a poll by YouGov.
A newly launched research project is combining a number of very different solutions into one climate-smart bundle, helping smallholders increase their resilience to disasters and improve their opportunities for recovery.
Climate change will have a broad-based impact on Australian financial institutions and therefore poses risks that are systemic in nature. However, it does not yet pose an imminent threat to financial stability, says the Reserve Bank of Australia in its latest Financial Stability Review report released last week.
Around 40,000 people in Istanbul have acquired earthquake insurance for their homes in the four days since a magnitude 5.8 quake hit the coast of the Silvri region, west of Istanbul, on 26 September.
Among risks for doing business in the Asia Pacific region, Nat CATs ranked as the top concern across East Asia and the Pacific while executives in South Asia regarded water crises as their number one risk according to the World Economic Forum (WEF)'s 'Regional Risks for Doing Business 2019' report written in partnership with Marsh & McLennan Companies and Zurich Insurance Group.
Climate change could impact up to 60% of world's wheat growing areas by the end of the current century compared to 15% today. Wheat supplies around 20% of all calories consumed by humans globally.
Human activities and the growing impact of climate change are increasing the incidences of landslides globally, which have claimed over 56,000 lives during the period 2004 to 2016.