Climate Insurance
Global natural catastrophe losses keep insurers within budgets this year
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.
SEADRIF forms seven new partnerships in 2024 to boost disaster cover
The facility disbursed a $3m rapid payout to Lao PDR within six days following floods.
Global insured losses hit $80b in H1 2025
Myanmar’s quake led to ~$1.5b insured losses for Thailand.
Asia-Pacific, Africa struggle with $24b in uninsured losses: Munich Re
Only $0.6b was covered by insurance after the magnitude-6 earthquake in Tainan, Taiwan.
India expands parametric insurance in climate-hit sectors
India’s parametric market is growing at a faster pace of 11.3% annually through 2028.
Insured losses top $100b in 2025: Willis
Wildfires in Japan and South Korea this year mark a turning point for climate risk.
QBE Foundation delivers S$875k for insurance-led climate aid
The funding will help provide insurance access.
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