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Nat CAT tag returned 728 results

  • Japan: Life insurance body publishes Climate Change Starter's Guide

    The Life Insurance Association of Japan (LIAJ) has endorsed the recommendations of the Financial Stability Board (FSB)'s Task Force on Climate-related Financial Disclosures (TCFD).

    Asia | 02 Jun 2020
  • India: Govt could review need for Nat CAT pool

    The Indian government is likely to reassess the need to establish a natural catastrophe insurance pool due to mounting economic losses from a series of such events in India over the past three years.

    Asia | 02 Jun 2020
  • The locust threat to Indian agriculture

    India is facing its worst threat from locusts in almost 26 years as huge swarms have destroyed over 50,000 hectares of agriculture land in seven states and moving rapidly further into the countryside.

    AIRPlus | 01 Jun 2020
  • Australia: Insurance losses from Nat CAT season exceed US$3.4bn

    The cost of insurance claims from four natural disaster catastrophes declared over the 2019-20 summer has passed A$5.19bn ($3.46bn), with more than 15,000 new claims worth A$270m lodged in the past four weeks, says the Insurance Council of Australia (ICA).

    Asia | 01 Jun 2020
  • New Zealand: Severe weather events cost insurers more than US$100m in 2019

    Insurers paid NZ$167.6m ($104.1m) to support their customers recover from severe weather events last year, according to updated data released by the Insurance Council of New Zealand (ICNZ).

    Asia | 29 May 2020
  • A double whammy for insurers in India and Bangladesh

    Insurers in India and Bangladesh already overwhelmed by the impact of COVID-19 on their operations and businesses are now facing a bigger challenge in dealing with the claims arisng from super cyclone Amphan that has destroyed large tracts of land and property in eastern India and southern Bangladesh.

    AIRPlus | 28 May 2020
  • Market set to harden with premiums possibly doubling

    After several years of declining rates, commercial insurance buyers are seeing prices go up to prices not seen in almost two decades, compounding the issues they may already face due to the coronavirus crisis.

    AIRPlus | 27 May 2020
  • European risk managers propose EU catastrophe insurance

    The European Commission should create an European Union-based resilience framework to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the Federation of European Risk Management (FERMA) said on Tuesday.

    Asia Risk | 27 May 2020
  • Australia: Current bushfire insurance approach could make 1 in 20 homes uninsurable by 2100

    Australia can no longer operate its bushfire insurance regime based on the current Pure Actuarial Fairness model, says a report which forms part of the research of the Practical Justice Initiative at the University of New South Wales led by Professor Jeremy Moss.

    Asia | 25 May 2020
  • South Asia: Insurers stare at massive losses from super cyclone Amphan

    Super cyclone Amphan that tore into coastal parts of eastern India and Southern Bangladesh on 20 May has wreaked havoc along a large part of the coastline, including the metropolitan city of Kolkata in India.

    Asia | 25 May 2020

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