The conversation around flood risk in the (re)insurance industry is "shifting from response to proactivity", according to Dr Andrew Smith, COO of Fathom, a water and climate information company.
A new report by the International Association of Insurance Supervisors (IAIS) examines the potential financial stability implications of natural catastrophe insurance protection gaps.
Johannesburg-headquartered Risk Capacity (ARC) has unveiled its ARC Retakaful Waqf Facility (ARC ReTak), a non-profit, Shariah-compliant initiative expanding climate protection to underserved communities across Africa.
Southeast Asia may soon have an insurance programme for rebuilding damaged infrastructure following natural catastrophes.
The number of claims in Thailand arising from a powerful magnitude-8.2 earthquake that struck central Myanmar earlier this year was higher than expected, according to Swiss Re vice president and team lead, client underwriting, Mr Oh Tian Yu.
The Australian insurer Insurance Australia Group (IAG) has released the third edition of its Severe Weather in a Changing Climate report, developed in partnership with the U.S. National Science Foundation's National Center for Atmospheric Research.
South Asia and Southeast Asia contributed more than half of the global deaths attributed to high temperature. In 2021, South Asia recorded 209,537 deaths and Southeast Asia recorded 32,230 deaths due to high temperatures.
With the theme 'Unlocking Reinsurance', and titled 'Opportunities in a Changing Climate: Building Catastrophe Resilience in Thailand', the Thailand Reinsurance Conference 2025 opened with welcome remarks from Thai General Insurance Association president Somporn Suebthawilkul.
Reasuransi MAIPARK Indonesia (MAIPARK) noted that the majority of residential homes in Indonesia are uninsured, according to Strategic Planning & Risk Management Group Head of PT Reasuransi MAIPARK Indonesia, Mr Ruben Damanik.
UK-based flood science specialist JBA Risk Management will open its first office in India in November 2025.