The Malagasy Government, through the Emergency Management Prevention and Support Unit (CPGU) at the Prime Minister's Office, and the Ministry of Economy and Finance (MEF), brought together technical and financial partners to discuss establishing a multi-year, predictable, and sustainable financing mechanism for sovereign insurance premiums within the framework of the Global Shield.
Santam Syndicate 1918, part of Santam Group, Africa's largest non-life insurer, has appointed Ms Hina Shavdia as COO.
In an online meeting with the Thai General Insurance Association and other insurance companies, Thailand's regulator, the Office of Insurance Commission (OIC), stated its aim to monitor insured losses and prepare measures to assist policyholders affected by the floods.
Businesses across Asia and the Middle East respond quickly when crises strike, while far fewer remain involved in the long-term recovery and resilience-building that follows.
Santam Syndicate 1918 has appointed Ms Hina Shavdia as COO.
The Turkish Catastrophe Insurance Pool (TCIP) has received 891,774 claims, related to 1,403 earthquakes, and made payments for 701,696 of the filed claims since its establishment.
Nepal has asked the UN Loss-and-Damage Fund for a financial compensation of $20m after the BhoteKoshi flash floods of 26 August 2026. However, this would be just around 0.5% of the total economic losses and physical damages due to the flash floods.
The CDRFI (Climate and Disaster Risk Finance and Insurance) Africa Forum have called for a regional risk pool to strengthen financial protection for public assets and critical infrastructure against climate and disaster risks.
Recent floods in South Asia are highlighting the complex natural catastrophe risks facing hydropower, infrastructure and construction projects, particularly where damage to one asset can disrupt interconnected facilities and prolong recovery.
Mr Hassen Khelifati, CEO of Alliance Assurances, is proposing a new system to encourage Algerians to insure themselves against natural disasters, such as fires, earthquakes or floods.