The Natural Hazards Commission (NHC) Toka Tu Ake of New Zealand has awarded 13 new research projects to boost natural hazards resilience in the country.
Over 14,200 small-scale fishers, across 24 coastal municipalities in the Philippines will soon be covered through country's first parametric insurance solution for small scale fishermen. The cover will mitigate income losses resulting from adverse weather conditions that prevent safe fishing in nearshore waters.
While Australia's Cyclone Reinsurance Pool (CRP) has contributed to reducing pressure on insurance premiums in Northern Australia, a greater focus on climate resilience and mitigation is still required to put sustainable downward pressure on insurance costs according to the Insurance Council of Australia (ICA).
Insurers tightening policy wordings, raising premiums and, in some cases, withdrawing from high-risk regions as traditional insurance models are tested by new and intensifying perils, according to a new report by Global Insurance Law Connect (GILC).
The conversation around flood risk in the (re)insurance industry is "shifting from response to proactivity", according to Dr Andrew Smith, COO of Fathom, a water and climate information company.
A new report by the International Association of Insurance Supervisors (IAIS) examines the potential financial stability implications of natural catastrophe insurance protection gaps.
Johannesburg-headquartered Risk Capacity (ARC) has unveiled its ARC Retakaful Waqf Facility (ARC ReTak), a non-profit, Shariah-compliant initiative expanding climate protection to underserved communities across Africa.
Southeast Asia may soon have an insurance programme for rebuilding damaged infrastructure following natural catastrophes.
The number of claims in Thailand arising from a powerful magnitude-8.2 earthquake that struck central Myanmar earlier this year was higher than expected, according to Swiss Re vice president and team lead, client underwriting, Mr Oh Tian Yu.
The Australian insurer Insurance Australia Group (IAG) has released the third edition of its Severe Weather in a Changing Climate report, developed in partnership with the U.S. National Science Foundation's National Center for Atmospheric Research.