Across ASEAN, disaster risk is increasingly being treated as a material fiscal risk, prompting finance ministries to move away from reliance on post-disaster budget reallocations and ad hoc assistance.
The Kahramanmaras earthquake, that occurred on 6 February 2023, has highlighted the importance of urgent cash needs, according to the Secretary General of the Turkish Disaster Insurance Institution (DASK), Mr Balkir Demirkan.
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK), the Turkish Insurance Association (TSB), and the senior management of DASK (Turkish Natural Disaster Insurance Pool) have held a series of meetings in Kahramanmaras on the anniversary of the massive earthquakes that occurred in the region on 6 February 2023.
Almost all (94%) of UAE businesses believe the climate transition offers a commercial opportunity for their company, saying it's a growing focus (58%) or a key strategic area (36%), according to the report, "HSBC Sustainability Pulse Survey 2025", released by the global financial services group.
Most Asian businesses are planning to accelerate their climate transition over the next three years, according to the report, "HSBC Sustainability Pulse Survey 2025", released by the global financial services group.
School students in Sri Lanka who were affected by the adverse weather conditions in the country in November and December 2025 will receive special consideration for claims submitted under the Suraksha Sisu insurance programme.
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed that its second industry loss estimate for the Australia East Coast Severe Convective Storms (SCS) is A$1,512m ($1,052bn).
African Risk Capacity (ARC) has launched Africa's first sovereign parametric flood insurance policy, marking a major innovation in climate risk financing and strengthening African countries' capacity to respond to the growing impacts of climate change.
The proposed state-owned insurer TasInsure, to be set up by the Tasmanian government, would fall short of addressing the underlying drivers of insurance costs fully and expose Tasmanian taxpayers to significant financial losses, according to a new economic analysis.
New Zealanders strongly support proactive efforts to reduce the risks from climate related events like flooding, landslips and sea level rise and keep communities safe, according to a new survey commissioned by the Insurance Council of New Zealand (ICNZ).