Climate Insurance
Asia disasters leave 92% losses uninsured
Asia disasters leave 92% losses uninsured
Insured catastrophe losses totalled $5.2b in 2025 across the region.
1 day ago
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Existing safeguards cut landslide risk by over 75% but face new limits.
Rising climate losses test China’s insurance safety net
Profitable insurers face limits in passing disaster risk despite market scale.
Underinsurance leaves APAC economies to absorb $69b losses
At least 15 events each caused damage exceeding $1b across the region.
CEO says Malaysian insurers face uninsurable risks as compliance focus grows
He says risk management has drifted from core underwriting toward compliance functions.
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Physical climate risk is now seen as a wider financial threat beyond underwriting.
APAC disaster risks push parametric market to $23b this year
Regional vulnerability to hurricanes and earthquakes accelerates fastest global growth rates.
Severe storms drive $60b in insured catastrophe losses
Hail events dominate payouts, accounting for up to 80% of related claims.
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The pact links emergency response systems with financial protection mechanisms.
AXA Climate deepens Fathom tie-up as climate risks rise
The companies said the added modelling is meant to support portfolio level hazard analysis.
24 of 38 OECD nations insure less than half of disaster losses
The organisation studied hazard exposure and consumer risks across 60 jurisdictions.
APAC protection gap leaves $77b losses uninsured
Regional claims trailed the US total of $100b despite repeated catastrophes.
Malaysia flood cover drops to 0.25% as hazard risk intensifies
Insurers warn exposure may now be scaling faster than premium income.
Insured catastrophe losses top $100b for sixth straight year
Global settlement figures declined by $40b compared to the record highs seen during 2024.
Catastrophe losses strain reinsurers as 6-year $100b streak persists
Contract structures kept higher attachment points though some exclusions tightened.
Malaysia insurers must confront catastrophe risk spike for 2026 report
Over one-third of respondent identified extreme weather events as their top risk.
Chinese insurers' earnings recover as Fitch cites tighter commission controls
Major insurers report YoY earnings improvements despite ongoing tariff and trade tensions.
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CEO Phlaphongphanich said the industry is measuring the wrong things.
