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Nat CAT tag returned 1810 results

  • Australia: Insurance association urges early bushfire preparation

    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.

    Asia | 21 Sep 2023
  • Antarctic sea-ice is alarmingly low

    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.

    Asia Risk | 20 Sep 2023
  • Earth's health in danger zone

    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.

    Asia Risk | 20 Sep 2023
  • New Zealand: 2023 climate disaster payouts top US$1.2bn

    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.

    Asia | 20 Sep 2023
  • Australia: Consumer group says Cyclone Pool offers little savings

    The Australian Consumers Insurance Lobby (ACIL) has said that the Cyclone and Cyclone-Related Flood Reinsurance Pool needs improvement.

    Asia | 19 Sep 2023
  • Australia: Insurance Council highlights how insurers can protect natur

    The Insurance Council of Australia (ICA) has launched a new report outlining the important role insurers can play in managing and reducing risk in the natural environment.

    Asia | 18 Sep 2023
  • Morocco: Industry-backed solutions likely to back quake relief despite low insurance penetration

    The devastating earthquake that struck Morocco on 8 September 2023 affected an area with low insurance penetration. However, a new commentary from AM Best notes that a parametric insurance arrangement covering part of Morocco's National Catastrophic Event Coverage Scheme is expected to be triggered and could result in a maximum payout of MAD2,750m (approximately $270m).

    Middle East | 17 Sep 2023
  • Morocco: Insurance federation contributes US$15m to quake relief

    Members of the Moroccan Federation of Insurance (FMA) are making a donation of MAD150m ($15m) to aid in recovery following the aftermath of the 8 September Al-Haouz earthquake.

    Middle East | 17 Sep 2023
  • Egypt's insurance federation chief estimates Morocco quake to cost insurers US$300m

    The amount of compensation that insurance companies would pay in Morocco due to the large losses caused by the 8 September 6.8-magnitude quake that struck in the High Atlas Mountains, is expected to reach $300m, according to Mr Alaa El-Zoheiry, chairman of the Insurance Federation of Egypt.

    Middle East | 14 Sep 2023
  • Hong Kong: 1-in-500-year flood likely to have earnings impact on insurers

    The recent devastating flooding following Super Typhoon Saola in Hong Kong and other parts of China and Japan may further pressure upcoming reinsurance renewals, in what has already been a hard market the last few years, according to a new AM Best commentary.

    Asia | 14 Sep 2023


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