Flooding in southern Thailand has so far affected around 2,800 vehicles, with numbers expected to rise as residents begin assessing damage to their homes and surrounding properties, said the Office of Insurance Commission (OIC).
Persistent heavy rainfall and Cyclone Senyar triggered flooding that affected millions in Thailand, Malaysia, and Indonesia, causing widespread damage and disruption, according to Aon in its latest "Weekly Cat Report".
Location and the construction of valuable assets are critical determinants of loss potential, especially as the likelihood of Nat CAT increases, said Dr Melanie Fischer, Natural Hazards and GIS/Data Analyst at HDI Global.
The Nat CAT events that struck Vietnam in 2025 till November have left 409 dead or missing and caused estimated economic loss of over VND85tn ($3.2bn). Over 700 people were injured in these catastrophic events that have ravaged Vietnam since the beginning of the year.
Over its blitz to engage members of the public and raise awareness of insurance in the Northern Province, Sri Lanka's insurance regulator, the Insurance Regulatory Commission of Sri Lanka (IRCSL), iterated its commitment to upcoming initiatives.
Climate risk has become "a recurring theme" in the insurance market, according to Aon's Head of Commercial Risk Solutions for APAC, Terence Williams.
The Insurance Development Forum (IDF), a public-private partnership that aims to close insurance gaps, has released a new paper, addressing the growing divide between insured and uninsured losses from natural disasters.
Over two thirds of the participants in a survey in New Zealand are of the opinion that natural hazards such as earthquakes, flooding, and sea level rise have a significant impact on their property insurance premiums.
Filipino farmers have received an initial insurance payout of around PHP571.3m (US?$9.67?m) from the country's Crop Insurance Corporation to accelerate recovery from the effects of recent storms, Fung-wong and Kalmaegi.
In a circular letter, the Insurance Commission (IC), the regulator of the Philippines, ordered all insurance companies and related entities to undertake the following measures whenever a state of calamity is declared in the country: