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Nat CAT tag returned 1458 results

  • 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
  • Australia: 3rd La Nina season expected

    With insurance claims still mounting from recent Eastern Australian floods, the Insurance Council of Australia (ICA) says now is the time to prepare property for what is forecast to be a wet spring and possibly summer across eastern Australia, following the declaration of a La Nina weather pattern by the Bureau of Meteorology (BOM).

    Asia | 22 Sep 2022
  • Simultaneous climate events risk damaging interlinked socioeconomic systems

    The cascading effects of extreme weather - such as recent heat waves which combine heat and drought - and the interconnectedness of critical services and sectors has the potential to destabilise socioeconomic systems according to a new study.

    Asia Risk | 21 Sep 2022
  • Under-insuring against climate change is a major risk

    Climate change - and its accompanying threat to lives, property and well-being - is escalating and yet nations and businesses remain under-insured against environmental disasters according to Munich Re.

    Asia Risk | 21 Sep 2022
  • New Zealand: Climate risk on the rise

    Insurance losses from natural hazards in New Zealand have increased by almost 60% over the past two years, especially from flooding, notes S&P Global Ratings (S&P).

    Asia | 21 Sep 2022
  • New Zealand: Claims inflation to remain high

    New Zealand's property/casualty (P/C) insurers should be able to maintain strong operating performance over the next two to three years, says S&P Global Ratings (S&P).

    Asia | 20 Sep 2022
  • China's "dual carbon" goals fetch business opportunities for insurers

    With the Chinese government intent on achieving the "dual carbon" goals of China reaching peak emission before 2030 and carbon neutrality by 2060, the insurance industry stands to see new opportunities and new dynamism, according to global management consulting firm McKinsey & Company.

    China | 16 Sep 2022
  • Urban flood costs could jump six-fold to US$477bn a year

    Urban flood damage could cost China $77bn in 2030 and jump more than six-fold to $477bn in 2080 due to climate change, but investors have yet to price in these costs, according to US investment management and financial services company Morgan Stanley.

    China | 16 Sep 2022

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