Climate Insurance
NRMA Insurance tallies more claims in 2025 than all of 2024
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.
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.
Thought Leadership Centre
In Association with
Most Read
1. Manulife’s Leah Ng says better governance boosts women’s leadership 2. Better protection for vulnerable groups could boost PH insurer trust: AXA 3. How APAC cyber gap exposes households to fraud 4. Cybercrime tops insurance risks as AI heightens threats: PwC 5. Asia’s wealth insurers face rising compliance pressureResource Center
Read Here
Advertise
Sign Up
Awards
Jul
07
Events
Event News
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