Climate Insurance
Chinese insurers' earnings recover as Fitch cites tighter commission controls
Chinese insurers' earnings recover as Fitch cites tighter commission controls
Major insurers report YoY earnings improvements despite ongoing tariff and trade tensions.
3 days ago
Insured losses hit $127b as convective storms beat cyclones
The Myanmar earthquake was the deadliest global event except for heatwaves.
4 days ago
Howden Re flags Asia, Europe as top loss drivers
28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
Swiss Re overhauls flood model with Fathom data
Work follows Swiss Re’s December 2023 acquisition of Fathom.
Insured losses top $108b as disasters strain insurers
Economic damage reached about $224b, with most impacts in highly protected regions.
Zurich Indonesia speeds up claims after Bali floods
Faster settlement boosts confidence in insurance as a practical financial tool.
Global natural catastrophe losses keep insurers within budgets this year
In Asia, monsoon flooding and localised storm losses were main events of the year.
Australia posts $1.3b in insured losses from major disasters
The report also pushes for the proposed $19.8b Flood Defence Fund.
Igloo expands climate insurance across Southeast Asia
It also plans to expand in Indonesia.
Flood insurance market projected to reach $25.21b in 2025
Japan stands out, with more than 75% of homeowners holding flood protection.
Insurance helps de-risk climate projects as $6t investment needed: WTW
Credit and political risk cover are helping banks finance renewable and transition projects.
Asia-Pacific insured only 5% to 7% of hazard losses
Additionally, more than half of the countries had less than 5% of losses.
Zurich Resilience launches climate spotlight in Asia Pacific rollout
The tool provides climate data and analysis.
SEADRIF delivers $2m payout to Lao PDR for disaster relief
The policy triggers payouts based on the number of people impacted by disasters.
APAC’s flood insurance market set for 19.7% CAGR to 2032
Globally, the market is expected to expand 15.6% between 2022 and 2032.
Asia insurance covers just a tenth of catastrophe losses
Global modelled insured average annual property loss rose to $152b.
Insurers expect climate risk to grow in importance over 3 years
About two-thirds allocate 4% of their portfolios to sustainable assets.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
