Climate Insurance
Q1 2025 natural disasters cost APAC billions, insurance coverage limited
Q1 2025 natural disasters cost APAC billions, insurance coverage limited
In Q1 2025, South Korea and Japan faced significant wildfire activity.
31 minutes ago
Insurance industry faces limited payouts amidst 2024 economic losses
Storm frequency resulted in approximately 1,200 fatalities.
1 day ago
Japan’s insurers disbursed $730m on disasters including Noto quake
Ishikawa Prefecture recorded the highest payouts.
6 days ago
Earthquake insurance market projected to reach $13.6b by 2034
This represents a compound annual growth rate of 6.0%.
Zurich calls for investment in disaster prevention strategies
Hurricanes, floods, and wildfires caused $2t in economic losses over the past decade.
S&P says quake losses in Thailand capped by reinsurers
Thai insurers have strengthened their reinsurance coverage over the years.
Regional disaster insurance pools sign $5.4m collaboration agreement
The grant will be used to build a joint learning network.
Southwest monsoon leaves 90% economic losses uninsured in 2024
Key sectors affected were agriculture, energy, and manufacturing.
GCube urges insurers to close risk gap in renewable projects
Severe risks have greatly impacted the project bankability of renewables.
ICA reports 95,000 claims from Cyclone Alfred damage
The cyclone and floods have exceeded A$1.2b in insurance losses.
AXA, Marsh, Link introduce sustainability-linked insurance model
This is due to real estate and insurance industries facing rising risks from NatCat.
53% of firms cite insurance exclusions as clean energy hurdle
They also plan to increase their investments in clean energy technologies by 34%.
HDI Global launches Climate Consulting to assess, manage climate risks
It provides location-specific analysis of both chronic and acute physical risks.
Australia's insurers log 3,000 claims post-Cyclone Alfred
ICA CEO said to expect “many more thousands of claims.”
ICA proposes A$30.15b flood defence fund
Last year saw 41 million policies issued for households and businesses.
Insurers need data-based models amidst trillion-dollar solar storm scenario
Greater China is forecasted to record $429b whilst Asia-Pacific at $375.
Digit Insurance launches AQI-based policy for Delhi workers
Claims are triggered if the Air Quality Index surpasses 400 more than twice.
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1. Great Eastern see earnings rise 13% YoY in Q1 2025 2. FWD Singapore, IPP eye Gen Zers amidst wealth influx 3. From traditional brokers to tech-led platforms: How B2B insurance is changing in Singapore 4. Japan’s insurers disbursed $730m on disasters including Noto quake 5. Vietnam’s finance sector faces digitalisation challenges despite eased regulationResource Center
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From traditional brokers to tech-led platforms: How B2B insurance is changing in Singapore