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Nat CAT tag returned 950 results

  • In world's first, New Zealand introduces climate change law for financial firms

    New Zealand is the first country in the world to introduce a law that requires the financial sector to disclose the impacts of climate change on their business and explain how they will manage climate-related risks and opportunities.

    Asia Risk | 14 Apr 2021
  • New Zealand: 1st to introduce law for financial sector to reveal climate change impact

    New Zealand has become the first country in the world to introduce a law that requires the financial sector to disclose the impact of climate change on their business and explain how they will manage climate-related risks and opportunities, says Commerce and Consumer Affairs Minister David Clark.

    Asia | 14 Apr 2021
  • Australia: March floods raise general insurers' Nat CAT burden

    Losses emanating from the heavy rainfall and severe flooding in Australia's eastern states in March this year are expected to put pressure on Australian general insurers' underwriting margins.

    AIRPlus | 13 Apr 2021
  • ESG reporting attracts greater interest

    Environmental, social and governance (ESG) reporting in China is seeing a surge in activity from regulators, investors and corporate leaders, according to a report released by the World Economic Forum (WEF).

    China | 09 Apr 2021
  • Philippines: Govt urged to reduce tax on non-life insurance

    The government should lower the tax rate, of 26-27%, on non-life insurance, including that for crop or agriculture insurance, to around the rate on life insurance, which is 2%, according to Mr Jaime Aristotle Alip, chairman emeritus and founder of the country's largest microfinance firm CARD MRI (Centre for Agriculture and Rural Development - Mutually Reinforcing Institutions).

    Asia | 09 Apr 2021
  • International CAT loss activity in 2020 well below annual average

    International CAT loss activity in 2020 was well below the long-term annual average and the benign trend has continued in the first quarter of 2021 according to the CRESTA updates for the first quarter of 2021 and CAT activity during 2020.

    AIRPlus | 08 Apr 2021
  • Previsico collaborates with Zurich to increase resilience against flood risk

    Flood forecaster and InsurTech Previsico is working with Zurich Insurance and one of their top customers in a market-first tripartite pilot across 5,000 locations in UK to plug a major flood forecasting gap around surface water flooding. The pilot project will also work to significantly reduce the cost of false alarms.

    Asia Risk | 07 Apr 2021
  • Morocco: Central bank governor outlines 3 big threats facing insurance sector

    Low interest rates are a major challenge facing the insurance industry, said Mr Abdellatif Jouahri, governor,of the Moroccan central bank, Bank Al Maghrib (BAM).at the 7th Casablanca Insurance Rendezvous organised last week by the Moroccan Federation of Insurance and Reinsurance Companies (FMSAR).

    Africa | 05 Apr 2021
  • CATs cost insurers $89bn in 2020 as threat from secondary perils rise

    Global insured losses from disasters in 2020 reached $89bn, according to Swiss Re's recent sigma report. The figure is the fifth highest on sigma records since 1970 and comes on the back of global economic losses of $190bn from CAT events last year.

    AIRPlus | 01 Apr 2021
  • Asia Pacific: Insurers' climate strategies advance gradually

    Asia-Pacific (APAC) insurers and regulators of developed economies are spearheading efforts to incorporate climate risk considerations in key business areas, says Fitch Ratings.

    Asia | 01 Apr 2021


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