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  • Australia: Homeowners could be more ready for Nat CATs

    Many Aussies could be more prepared for extreme weather and natural disasters, according to QBE research. Just a quarter (25.6%) of Australians describe themselves and their homes as prepared or very prepared for natural disaster and weather events. The rest say they're either unprepared (22%), or only somewhat prepared (52%).

    Asia | 20 Jan 2022
  • Rainy days harm the economy

    Economic growth goes down when the number of wet days and days with extreme rainfall go up according to a new study by a team of scientists at Potsdam Institute for Climate Impact Research (PIK).

    Asia Risk | 19 Jan 2022
  • New Zealand: Sep 2021 windstorm's insured losses 84% higher than previously estimated

    Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of NZ$36.5m ($27.1m), says the Insurance Council of New Zealand (ICNZ).

    Asia | 19 Jan 2022
  • Morocco: Government steps up efforts to promote insurance inclusiveness

    The Moroccan government is stepping up several projects, on both the regulatory and operational levels, in order to encourage insurers to expand their offerings to the currently-excluded and vulnerable segment of the population and to accelerate the inclusion of Moroccans in insurance.

    Middle East | 18 Jan 2022
  • Nigeria: Insurance stakeholders have a New Year wishlist for regulator

    As the insurance industry welcomes a new business year in 2022, some insurers have aired their expectations of the sector's regulator, the National Insurance Commission (NAICOM), which is yet to unveil its regulatory agenda for the year.

    Africa | 17 Jan 2022
  • Africa: AIO calls for unity to deal with insurance industry challenges

    The Africa Insurance Organisation (AIO) has called on insurance stakeholders in the continent to unite and address the challenges hampering the insurance industry's growth.

    Africa | 17 Jan 2022
  • Middle East: GreenTech and sustainable projects expected to be key developments in 2022

    The COVID-19 pandemic has spurred further investment in green technology and sustainable projects and momentum surrounding environmental, social, and governance financing in the Middle East, a report released by the international law firm RPC says.

    Middle East | 17 Jan 2022
  • Turkey: Panel calls for more to be done for insurance agencies

    The insurance agency executive committee (SAIK) of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) has resolved many issues on behalf of insurance agencies, according to the chairman of the panel, Mr Levent Korkut.

    Middle East | 17 Jan 2022
  • UAE: Insurance House shows adequate operating track record

    Insurance House (IH) has demonstrated an adequate operating performance track record in recent years, following the execution of strategic initiatives to stabilise its operations in light of historically volatile performance in 2016 and prior years, notes AM Best.

    Middle East | 17 Jan 2022
  • Asia: COVID, real estate, supply chains & inflation are expected bumps for insurers in 2022

    Continuing COVID-19 restrictions in most Asian jurisdictions, potential challenges in the property market (whether related to Evergrande or otherwise) in combination with global supply chain issues, rising energy prices, increasing inflation and the withdrawal of temporary pandemic relief measures suggest that 2022 will be a bumpy ride for the Asian insurance market, even without further resurgent COVID-19 outbreaks.

    Asia | 17 Jan 2022

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