New research from the New Zealand Infrastructure Commission Te Waihanga has revealed how insurance can help the country to manage natural hazard risks and how to prepare infrastructure for a changing climate.
Insurers in Australia received more than 3,950 storm and flood claims till early February 2025. These claims are related to recent severe weather and flooding event in north Queensland, which was declared a Significant Event by the Insurance Council of Australia (ICA) on 2 February 2025.
Climate risks, disruptive technology and geopolitical instability are the top emerging risks according to an annual survey of risk managers. The new survey has been jointly published by the Casualty Actuarial Society and the Society of Actuaries.
The Actuaries Institute has identified key priorities to strengthen economic resilience and social equity, calling out five key areas for the federal government to consider in its 2025-2026 Budget.
The Insurance Council of Australia (ICA) has declared the North Queensland storm and flooding over the past few days as a 'significant event.'
The Insurance Bureau (Diwan), the insurance regulatory body in Iraq, announced the implementation of the pilot project for climate risk insurance, which is the first of its kind in Iraq and the region.
Chubb has reported a Q42024 net income of $2.58bn, a reduction of 22% from $3.30bn compared to the same period last year, as pre-tax catastrophe losses doubled.
MS Amlin has renewed its Phoenix Re sidecar for the fifth consecutive year, increasing the available collateralised capacity to more than $90m.
A vast majority of insurance claims from the rains and resultant flooding in the UAE has been settled.
A report by the Australian Bureau of Statistics (ABS) has said that insurance premiums have surged by an average of 11% over the past 12 months. It was just about a year ago that a devastating storm tore through Victoria's Gippsland region.