Ten (10) fossil fuel companies caused more than $14tn of climate damage from 1991 to 2020, according to a study by a team at Dartmouth College, a private Ivy League research university.
The Financial Regulatory Authority (FRA) is seeking to launch insurance products, to support carbon certification and sustainable agriculture, according to its chairman, Dr Mohamed Farid. Work is currently underway with the Federation of Egyptian Insurance Companies (FEIC) to study ways to launch a carbon credit insurance policy.
Following the long-term annual growth trend of 5-7%, global insured natural catastrophe losses may reach $145bn in 2025, mainly driven by secondary perils like severe thunderstorms, floods and wildfires, says Swiss Re Institute in its latest sigma report. Primary perils like hurricanes and earthquakes pose biggest risks, potentially driving insured losses to $300bn or more in a peak year.
The Insurance Development Forum (IDF) Risk Modelling Steering Group (RMSG) has launched a new IDF web page housing a powerful suite of free, open-access risk modelling tools.
The International Association of Insurance Supervisors (IAIS) has published its application paper on the supervision of climate-related risks in the insurance sector.
Catastrophe insurance data provider PERILS has disclosed that its initial industry loss estimate for tropical cyclone Alfred is A$2.59bn ($1.67bn).
The first quarter of 2025 brought a series of devastating natural disasters across the globe and Asia was not spared from their destructive impact.
Office of the Insurance Commission (OIC) deputy secretary-general for legal affairs and inspection Adisorn Pipatvorapong held an online meeting with private insurance industry organisations to explore ways to expedite inspections and provide official documentation of liability to affected individuals.
As of 5 PM on April 13, insurance companies in Beijing had processed a total of 1,278 claims related to wind damage, with an estimated loss amount of CNY13.44m ($1.87m). A total of 268 claims have already been paid out.
In a major step toward global collaboration on disaster risk finance, four Regional Risk Pools convened in Frankfurt in April 2025 for a CEO Summit hosted by Frankfurt School of Finance & Management, to put shared commitments into action - backed by a new EUR 4.7m ($5.3m) grant supporting joint solutions, capacity building and knowledge-sharing across continents.