Globally, the direct economic cost of Nat CAT in 2025 was estimated at $296bn, below the decadal average of $394bn (2015 to 2024) and most recent five-year average of $409bn. In APAC, the estimated economic losses were $87bn (Asia: $83bn, Oceania: $4bn), according to Guy Carpenter's "Natural Catastrophe and Climate Report", released in January 2026.
The Federation of African National Insurance Companies (FANAF) kicked off its 50th General Assembly on 9 February with a call to insurers to play a more active role in addressing emerging risks.
Tunisia is making the management of risks related to natural disasters a national priority, as a thorough understanding of these risks allows for better anticipation and a reduction of their economic and social effects, according to the Finance Minister, Ms Michket Slama Khaldi.
Across ASEAN, disaster risk is increasingly being treated as a material fiscal risk, prompting finance ministries to move away from reliance on post-disaster budget reallocations and ad hoc assistance.
The Kahramanmaras earthquake, that occurred on 6 February 2023, has highlighted the importance of urgent cash needs, according to the Secretary General of the Turkish Disaster Insurance Institution (DASK), Mr Balkir Demirkan.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK), the Turkish Insurance Association (TSB), and the senior management of DASK (Turkish Natural Disaster Insurance Pool) have held a series of meetings in Kahramanmaras on the anniversary of the massive earthquakes that occurred in the region on 6 February 2023.
Almost all (94%) of UAE businesses believe the climate transition offers a commercial opportunity for their company, saying it's a growing focus (58%) or a key strategic area (36%), according to the report, "HSBC Sustainability Pulse Survey 2025", released by the global financial services group.
Most Asian businesses are planning to accelerate their climate transition over the next three years, according to the report, "HSBC Sustainability Pulse Survey 2025", released by the global financial services group.
School students in Sri Lanka who were affected by the adverse weather conditions in the country in November and December 2025 will receive special consideration for claims submitted under the Suraksha Sisu insurance programme.
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed that its second industry loss estimate for the Australia East Coast Severe Convective Storms (SCS) is A$1,512m ($1,052bn).