Around 10,000 homes in four major cities of New Zealand could become difficult to insure in another decade ahead and this could make them ineligible for any mortgage or lending facilities, according to a new report released by New Zealand's Ministry for Cities, Environment, Regions and Transport (MCERT) and Statistics New Zealand.
The estimated total economic loss for Thailand from intense rainfall and flooding in late September and early October is between $370m and $1bn, according to Aon.
El Niño in 2026 is expected to create significant shifts in catastrophe risk across several regions. A new study by Moody's says insurers and reinsurers need to account for its effects across multiple perils.
AXA Turkiye and AXA Climate have released its climate report, focussing on the central message that climate change should be understood not as a series of isolated natural disasters, but as an interconnected system of risks affecting water, health, agriculture, infrastructure, cities and the insurance sector.
Premium discounts recognising cyclone mitigation measures have reached A$9.7m ($6.8m) across homes reinsured by the Cyclone Reinsurance Pool, according to the latest quarterly statistics released by the Australian Reinsurance Pool Corporation (ARPC).
At a session for the Securities and Exchange Commission of Pakistan (SECP) Talk Series on 'Inclusive Insurance: Global Insights', it was mentioned that Pakistan has significant potential to expand inclusive insurance coverage.
Australian insurers need to measure drought with the same precision they already apply to flood, fire, storm and cyclone.
The Malagasy Government, through the Emergency Management Prevention and Support Unit (CPGU) at the Prime Minister's Office, and the Ministry of Economy and Finance (MEF), brought together technical and financial partners to discuss establishing a multi-year, predictable, and sustainable financing mechanism for sovereign insurance premiums within the framework of the Global Shield.
Santam Syndicate 1918, part of Santam Group, Africa's largest non-life insurer, has appointed Ms Hina Shavdia as COO.
In an online meeting with the Thai General Insurance Association and other insurance companies, Thailand's regulator, the Office of Insurance Commission (OIC), stated its aim to monitor insured losses and prepare measures to assist policyholders affected by the floods.