Climate Insurance
Malaysia flood cover drops to 0.25% as hazard risk intensifies
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.
Insured losses hit $127b as convective storms beat cyclones
The Myanmar earthquake was the deadliest global event except for heatwaves.
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.
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