PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has released its initial industry loss estimate for the 6 February Kahramanmaras Earthquake Sequence which caused widespread devastation across several regions of Turkiye and Syria.
Mr Daniel Wang, executive director - Insurance, Monetary Authority of Singapore (MAS), has been named the new chair of the UNDP-convened Sustainable Insurance Forum (SIF).
The Strategy and Budget Office (SBO) of the Turkish Presidency has estimated total damages in the agriculture sector at around TRY24.2bn ($1.3bn) arising from the destructive 6 February earthquakes in southern Turkiye.
Some of Southeast Asia's largest cities could be hit disproportionately hard by rising sea levels and be underwater by the end of the century according to a new study.
Driven by a combination of rising sea levels and climate change, destructive hurricanes and tropical storms could become far more likely to hit coastal areas in quick succession according to new research by Princeton University.
The International Association of Insurance Supervisors (IAIS) has published a document for public consultation on climate risk with proposed changes to its insurance core principles (ICPs), which positions climate risk within the global framework for insurance supervision.
The Strategy and Budget Office (SBO) of the Turkish Presidency has published a preliminary analysis of the financial impact of the destructive 6 February earthquakes in southern Turkiye, using post-disaster needs assessment methodology.
The government of Djibouti has signed the first-ever multi-year, multi-peril agreement on the African continent with the African Risk Capacity Group (ARC Group) to protect its most climate-vulnerable communities.
The Insurance Council of Australia (ICA) has called for the Federal Government to continue funding its Disaster Ready Fund (DRF) past the five-year budgeted commitment to better prepare for and protect Australian communities from worsening extreme weather.
Only 12% of residential properties and other real estate of Algerians are insured against natural disasters such as earthquakes, floods and storms, according to the president of the Algerian Union of Insurance and Reinsurance Companies (UAR), Benmicia Youcef.