With global economic losses from Nat CAT and man-made disasters in the first half of this year amounting to $44bn, only about $19bn or 42% of these losses were insured as several large-scale disaster events occurred in areas with low insurance penetration according to Swiss Re Institute's preliminary sigma estimates.
Catastrophe risk modelling firm AIR Worldwide has estimated that insured losses in China from Typhoon Lekima will exceed CNY6bn ($853m). It was the strongest storm to hit this region since Typhoon Chan-hom struck in July 2015.
The Middle East and North Africa are the most water-stressed region on Earth with 12 of the top 17 most water stressed countries.
It's a major flood-like situation again in the south Indian state of Kerala and though not as bad as last year, it is a cause for much concern. Torrential rain over the past 10 days has resulted in major rivers overflowing their banks and landslides that have destroyed entire villages and resulted in over 90 deaths.
Humanitarian agencies are setting up innovative climate risk insurance policies to protect up to 1.3m people in West Africa from catastrophic drought. The countries benefitting include Senegal, Mali, Mauritania, Burkina Faso and the Gambia.
Floods have ravaged parts of Assam, Kerala, Karnataka, Maharashtra, Madhya Pradesh and Odisha over the past few months, and are expected to lead to a rise in insured losses.
Nanyang Technological University of Singapore (NTU Singapore) and the ASEAN Secretariat have teamed up to launch a three-year disaster risk reduction plan that aims to strengthen the financial resiliency of ASEAN member states when natural disasters strike.
Centreport in Wellington will receive over NZ$500m ($323m) in insurance compensation for damages which had arisen from the 2016 Kaikoura quake.
Nanyang Technological University (NTU) Singapore and the ASEAN Secretariat have launched a three year disaster risk reduction plan that aims to strengthen the financial resiliency of ASEAN member states in the face of natural disasters.
World Meteorological Organization (WMO) has said July this year may have been the hottest July in history. Hottest July comes on the heels of the planet's warmest-ever June. July this year also saw a European heat wave shatter all-time records.