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Nat CAT tag returned 1469 results

  • New Zealand: Earthquake resilience boosted by release of new hazard model

    Institute of Geological and Nuclear Sciences Limited, also known as GNS Science, has updated its National Seismic Hazard Model (NSHM) that provides an estimate of the likelihood and strength of earthquake ground shaking at any given site in New Zealand, and considers how different parts of the country might behave in the event of large magnitude earthquakes.

    Asia | 06 Oct 2022
  • Managed retreat a viable response to climate risk

    Managed retreat is often considered a last resort, but perhaps it is time to consider it as a powerful tool to adapt to rising sea levels, flooding and other climate change effects according to Zurich Insurance.

    Asia Risk | 05 Oct 2022
  • Extreme heat to impact over 970 cities by 2050

    A new report has detailed the social and economic effects of climate-driven extreme heat through the prism of 12 cities, spanning six continents and covering an urban population of more than 123m.

    Asia Risk | 05 Oct 2022
  • New Zealand: Legislative changes to improve insurance-based levy system to fund fire services

    The New Zealand government has introduced the Fire and Emergency New Zealand (Levy) Amendment Bill to simplify the implementation of the insurance-based levy framework for Fire and Emergency New Zealand. The goal is also to minimise disruption and compliance costs and to ensure adherence to funding principles.

    Asia | 05 Oct 2022
  • Global extreme events to cost insurers $120bn

    A report by Verisk Extreme Event Solutions estimates that on an annual average basis, catastrophes around the world are expected to cause about $123bn in insured losses compared to an average of $74bn in actual losses over the past 10 years.

    AIRPlus | 30 Sep 2022
  • Japan: Big 3 non-life giants lead the way on ESG and sustainability

    With major insurers showing the way in promoting environmental, social, and corporate governance (ESG) and Sustainable Development Goals (SDGs), various other insurers are proceeding with implementation of a broad array of studies and initiatives in areas including asset management, personnel systems, corporate governance, compliance and social contribution, in addition to improving insurance products and services, notes The Toa Reinsurance.

    Asia | 29 Sep 2022
  • More support needed for green insurance

    Majority of the world's energy is still dominated by non-renewable sources such as coal, oil and gas. While there are some insurers who have stopped covering unsustainable energy projects, the dependence on traditional energy sources ultimately requires coverage.

    AIRPlus | 28 Sep 2022
  • Risk of triggering multiple climate tipping points

    Even if countries meet the goals of the Paris Climate agreement, global warming could still trigger several climate tipping points that would drastically change life on the Earth according to a new research.

    Asia Risk | 28 Sep 2022
  • Australia: Suncorp to set up national disaster response centre

    Suncorp will establish a national Disaster Response Centre of Excellence in Brisbane, where the financial services group is headquartered, as part of the group's commitment to Queensland, according to Suncorp chairperson Christine McLoughlin.

    Asia | 28 Sep 2022
  • Australia: Project cargo insurance supports new renewable energy developments

    Companies in Australia and around the world are racing to install new renewable energy facilities. However, getting the components from diverse manufacturers to remote sites often involves numerous challenges, says Mr Tom Hughes, AXA XL's head of Marine for Australia who is based in Melbourne.

    Asia | 27 Sep 2022

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