Climate Insurance
Globally insured losses highest since 2011
Globally insured losses highest since 2011
But the total global economic losses stood at $151b, lowest since H1 2021.
Aon reports $100b in global insured disaster losses for H1
This figure marks the second-highest total for any first half of a year.
HDI Global secures Japan nod for parametric quake coverage
The initiative is in collaboration with Descartes.
Parametric insurance sees 12.6% CAGR through 2034
China is expected to be one of the fastest-growing parametric insurance markets.
NRMA Insurance tallies more claims in 2025 than all of 2024
69% of Australians are now more aware and concerned about extreme weather risks.
Swiss Re sees rising claims across sectors from heatwaves
Liability and health sectors witnessed a sharp rise in claims.
Ping An P&C settles 10,400 claims after Beijing hailstorm
The storm produced hailstones larger than 3 cm in diameter.
Aon expands reinsurance work with Moody’s into commercial risk
The products aim to offer more efficient risk transfer and improve casualty protection.
Australian Reinsurance Pool sees insurer participation rise, cyclone pool gains
Access to insurance has improved as well, ARPC said.
Zurich Insurance calls for stronger public-private coordination on climate risks
Extreme weather events caused ~$2t in economic losses over the past decade.
Q1 2025 natural disasters cost APAC billions, insurance coverage limited
In Q1 2025, South Korea and Japan faced significant wildfire activity.
Insurance industry faces limited payouts amidst 2024 economic losses
Storm frequency resulted in approximately 1,200 fatalities.
Japan’s insurers disbursed $730m on disasters including Noto quake
Ishikawa Prefecture recorded the highest payouts.
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.
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