Climate Insurance
Insurance helps de-risk climate projects as $6t investment needed: WTW
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.
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.
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness