Pricing insurance coverage for ecological restoration is a challenge and "super tricky", according to SCOR head of P&C product and innovation, Mr Henri Douche.
New data released by the Insurance Council of Australia (ICA) shows that Australia has consistently taken the silver medal for extreme weather losses over the last 45 years - beaten only by the US.
India is exploring a countrywide parametric insurance programme for climate risks, according to a news report by Reuters.
The Filippino Department of Finance (DOF) has ordered all agencies, government financial institutions, and government-owned and controlled corporations under its supervision to extend much-needed aid to the victims of the recent 6.9 magnitude earthquake in Cebu and severe tropical storm Opong.
With Nat CAT becoming more frequent and severe due to climate change, HDI has rolled out the Accumulation Risk Geospatial Online System (ARGOS) 4.0, an advanced Nat CAT assessment tool which enables companies to maximise overall efficiency of their risk management by delivering capabilities in geospatial risk analysis and resilience planning.
The insurance industry bore the brunt of the costs of the April 2024 floods in the UAE, according to S&P Global Ratings (S&P). The disaster, though, had limited financial impact on the banking sector.
New Zealand is refocusing on its earthquake-prone building system to reduce repair costs and reinvigorate communities.
Morocco is strengthening its protection against natural disasters by increasing the parafiscal solidarity tax levied on insurance contracts.
The Australian Reinsurance Pool Corporation (ARPC) has published revised premium rates for the Cyclone Reinsurance Pool (cyclone pool). The new premium rates (premium rates v4.0) will be effective from 1 April 2026 and will replace premium rates v3.0 (effective since 1 April 2025).
A new study paper CLIMATE CHANGE X CYBER: An Intertwining Risk by Guy Carpenter says climate change and cybersecurity individually are well-known global risks, but the potential intersection of these perils represents an emerging threat that must be understood and taken into consideration by organizations in their long-term business plan and risk management strategy.