The number of insurance claims for wild-weather related damage received by NRMA Insurance between January and May this year has surpassed the total number of wild-weather claims received by it in the full year 2024. New data released by NRMA Insurance said it received more than 32,000 claims for wild weather-related damage between January and May this year.
As New Zealanders are expecting more extreme weather events as a result of climate change, they want more to be done to reduce the risks and costs of these events to help keep insurance affordable and available.
Australia's Cyclone Reinsurance Pool (cyclone pool) has released an updated summary following cyclone Alfred, which brought rainfall and destructive winds to communities in southeast Queensland and northern New South Wales.
Escalating climate shocks are deepening an insurance crisis that threatens both social resilience and financial stability-shifting unaffordable risks onto people while exposing the limits of an insurance system under intensifying strain according to the 'Insure Our Future' campaign.
International Finance Corporation (IFC) and QBE Asia will collaborate to advance building resilience and address the persistent property insurance gap across the Asia-Pacific region, according to a statement released by IFC.
Japan will set a goal of reducing an estimated life toll of up to 298,000 deaths from a potential megaquake occurring in the Nankai Trough by around 80% over the next 10 years according to a report by Kyodo News.
Beazley has appointed Mr Stefan Wunderlich as head of parametric insurance. He is a specialist in modelling and underwriting property and Nat CAT risks.
Natural Hazards Commission (NHC) has secured a significant boost in reinsurance protection for New Zealand, with NZ$10.3bn ($6.2bn) locked in from 1 June 2025 to help protect homeowners from the impact of natural hazards.
Millions of Australians would face financial ruin if their home was impacted by a natural disaster, while floods, fires and storms are growing in severity and frequency according to a new research by The Australia Institute.
The chairman of the Financial Regulatory Authority (FRA), Dr Mohamed Farid, has stressed the critical need to build and develop comprehensive climate risk databases.