The frequency and intensity of severe convective storm (SCS) events have increased significantly, leading to insured losses in billions of dollars globally, according to new analysis by Allianz Commercial.
The Southeast Asia Disaster Risk Insurance Facility (SEADRIF) Insurance Company and the ASEAN Coordinating Centre for Humanitarian Assistance on disaster management (AHA Centre) have signed a Memorandum of Intent (MoI) for a strategic collaboration to strengthen disaster impact reporting and support the development of scalable risk financing solutions.
Record global level of coal, oil and gas pollution is overtaking natural climate drivers like El Niño and La Niña, according to a new report by Climate Council of Australia. This is accelerating the climate whiplash phenomenon that flings communities rapidly from one disaster to the next.
New Zealand's insurers have sounded a growing urgency of reducing risk from natural hazards to protect communities and keep insurance accessible.
JBA Risk Management, a flood specialist, has updated its Global Flood Model, introducing enhanced hazard maps, a broad range of future climate event sets and improvements to both processing speed and exposure disaggregation.
Oman's Financial Services Authority (FSA) has verified that the Unified Motor Vehicle Insurance Policy for Comprehensive and Third Party Coverage provides protection for damages resulting from natural disasters, including hail, wadis, storms and cyclones.
As part of its preparations for the upcoming UN Climate Change Conference, COP31, the Turkish Insurance Association (TSB) has held a meeting with the Brazilian Insurance Companies Association (CNseg).
Changing temperatures associated with climate change mean that "the Poles are warming faster than the Tropics", according to FM Research Group Manager, Climate Risk and Resilience Research Dr Julien Oliver.
The Australian Prudential Regulation Authority (APRA) latest Insurance Climate Vulnerability Assessment (ICVA), has revealed that extreme climate events could affect home insurance affordability and the insurance protection gap over coming decades.