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Nat CAT tag returned 1465 results

  • Global extreme events to cost insurers $120bn

    A report by Verisk Extreme Event Solutions estimates that on an annual average basis, catastrophes around the world are expected to cause about $123bn in insured losses compared to an average of $74bn in actual losses over the past 10 years.

    AIRPlus | 30 Sep 2022
  • Japan: Big 3 non-life giants lead the way on ESG and sustainability

    With major insurers showing the way in promoting environmental, social, and corporate governance (ESG) and Sustainable Development Goals (SDGs), various other insurers are proceeding with implementation of a broad array of studies and initiatives in areas including asset management, personnel systems, corporate governance, compliance and social contribution, in addition to improving insurance products and services, notes The Toa Reinsurance.

    Asia | 29 Sep 2022
  • More support needed for green insurance

    Majority of the world's energy is still dominated by non-renewable sources such as coal, oil and gas. While there are some insurers who have stopped covering unsustainable energy projects, the dependence on traditional energy sources ultimately requires coverage.

    AIRPlus | 28 Sep 2022
  • Risk of triggering multiple climate tipping points

    Even if countries meet the goals of the Paris Climate agreement, global warming could still trigger several climate tipping points that would drastically change life on the Earth according to a new research.

    Asia Risk | 28 Sep 2022
  • Australia: Suncorp to set up national disaster response centre

    Suncorp will establish a national Disaster Response Centre of Excellence in Brisbane, where the financial services group is headquartered, as part of the group's commitment to Queensland, according to Suncorp chairperson Christine McLoughlin.

    Asia | 28 Sep 2022
  • Australia: Project cargo insurance supports new renewable energy developments

    Companies in Australia and around the world are racing to install new renewable energy facilities. However, getting the components from diverse manufacturers to remote sites often involves numerous challenges, says Mr Tom Hughes, AXA XL's head of Marine for Australia who is based in Melbourne.

    Asia | 27 Sep 2022
  • Japan: Insurers expected to find losses from super typhoon Nanmadol manageable

    Given Super Typhoon Nanmadol's reduced strength upon landfall and the parts of Japan affected, AM Best expects insured losses to be manageable for Japan's non-life insurers.

    Asia | 27 Sep 2022
  • Southeast Asia's coastal cities sinking fastest

    An increase in extraction of groundwater, oil, and gas, as well as the rapid construction of buildings and other urban infrastructure is making many coastal cities vulnerable to rising sea levels as large measures of their land is sinking.

    AIRPlus | 26 Sep 2022
  • Climate change: India extremely vulnerable to displacement of people

    Floods are among the primary hazards of concern and account for most weather-induced displacements according to a new report by the Asian Development Bank and the Internal Monitoring Centre.

    AIRPlus | 22 Sep 2022
  • Malaysia: Bank Negara expects insurers and other FIs to understand how climate change affects risk exposures

    Bank Negara Malaysia (BNM) expects financial institutions (FIs) to understand how climate-related risk drivers can impact their risk exposures - including credit, market and insurance risks from their lending, underwriting and investment activities, according to Ms Jessica Chew, deputy governor of Malaysia's central bank.

    Asia | 22 Sep 2022


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