IDRIMA, the Integrated Disaster Risk Management Alliance formed by the Insurance Development Forum (IDF) and AFD Group (Agence Française de Développement and Expertise France - AFD), has proposed parametric insurance as a tested and yet-to-be-scaled solution for protecting hydro-dependent utility revenues.
While awareness of sustainability is high among Singaporeans, a study has found that the strongest driver of sustainable action is whether individuals feel a sense of personal ownership and believe their actions can make a difference.
Japan has a secondary peril profile that is fundamentally different from the global pattern. While global discussions often emphasise hail, tornadoes, and wildfires, Japan's risk landscape is more strongly influenced by flood and snow, with convective storm activity playing a comparatively limited role.
The 31st East Asian Insurance Congress opened in Tokyo yesterday evening, returning the gathering to the city where it began in 1964 for a fourth time in more than six decades. The theme, "Back to the Origin, A Bridge to the Future," called to mind the region's insurance history, the Congress' storied past and the many relationships that were built throughout its 62 years.
In recent years, extreme precipitation associated with linear rainbands has triggered large-scale flooding and landslides, leading to more severe and costly loss events in Japan. Events such as the widespread heavy rainfall experienced during Japan's 2023 summer rainy season have demonstrated the significant losses that extreme precipitation can cause.
As the reinsurance market enters the upcoming renewal season against the backdrop of an increasingly interconnected and rapidly changing risk landscape, clients need support in in identifying evolving exposures and risk accumulations through data and analytics, underwriting expertise and tailored solutions to manage this complex environment.
The 26 August flash floods in the country's border with Tibet could result in insured losses of over $130m, according to senior industry officials.
The Thai government has approved a THB15.5bn ($467m) annual programme, to provide government-funded disaster insurance to around 30m households in high-risk areas against floods, storms and earthquakes under a new scheme.
Sompo Japan has entered a partnership with satellite-based intelligence data provider, ICEYE to enhance its response to flood events and support customers affected by natural disasters.
Santam, South Africa's largest general insurer, has recorded a solid performance for the half year ended 30 June 2026, with growth of 10% (June 2025: 10%) in Gross Written Premium (GWP), an 8.1% (June 2025: 11.3%) Underwriting Margin (UWM) and a 6% (June 2025: 16%) rise in Net Earned Premium (NEP).