Two-thirds (65%) of residential properties in Istanbul, making up approximately 4.15m homes, have taken up mandatory earthquake insurance, according to data released data by the Turkish Catastrophe Insurance Pool (TCIP).
A senior insurance executive has proposed a minimum price for natural disaster insurance so that the price of the basic insurance policy, to which Nat CAT cover is attached, would remain unaffected.
More than two-thirds (69%) of global investors engaged in nature investment plan to increase their investments according to a new report from climate and nature advisory firm Pollination.
Less than half (49.4%) of the Southeast Asians participating in a survey perceive climate change with high urgency levels, even as the region experiences extreme weather disasters fuelled by global warming.
The main prerequisite for various key initiatives of the general insurance industry is a relationship of trust with customers and business partners and disciplined activities, according to Mr Keisuke Niiro, chairman of the General Association of Japan (GIAJ).
The Insurance Council of Australia (ICA) is emphasising the need for early bushfire preparation so property owners and tenants can reduce risk and safeguard their homes and property.
The sea-ice surrounding Antarctica is well below any previous recorded winter level according to new satellite data. According to experts, this is a worrying new benchmark for a region that once seemed resistant to global warming.
A new study has revealed that of the nine boundaries of the planetary boundaries' framework, six boundaries have been transgressed, suggesting that Earth is now well outside of the safe operating space for humanity. Only three important health markers are considered safe.
Insurers have so far paid out NZ$2.053bn ($1.22bn) of a newly updated estimate of the cost of general insurance claims for the twin climate disasters of the Auckland Anniversary Weekend floods and Cyclone Gabrielle of $3.5bn across 112,812 claims.
The Australian Consumers Insurance Lobby (ACIL) has said that the Cyclone and Cyclone-Related Flood Reinsurance Pool needs improvement.