Climate Insurance
SEADRIF forms seven new partnerships in 2024 to boost disaster cover
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.
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.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
