Climate Insurance
Southwest monsoon leaves 90% economic losses uninsured in 2024
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.
53% of firms cite insurance exclusions as clean energy hurdle
They also plan to increase their investments in clean energy technologies by 34%.
HDI Global launches Climate Consulting to assess, manage climate risks
It provides location-specific analysis of both chronic and acute physical risks.
Australia's insurers log 3,000 claims post-Cyclone Alfred
ICA CEO said to expect “many more thousands of claims.”
ICA proposes A$30.15b flood defence fund
Last year saw 41 million policies issued for households and businesses.
Insurers need data-based models amidst trillion-dollar solar storm scenario
Greater China is forecasted to record $429b whilst Asia-Pacific at $375.
Digit Insurance launches AQI-based policy for Delhi workers
Claims are triggered if the Air Quality Index surpasses 400 more than twice.
6 in 10 Australians willing to spend more on protection against disasters
RAA CEO warned extreme events are driving up insurance costs.
Global insurance protection gap hits 60% amidst warming
Total economic losses exceeded $350b in 2024.
Australia sets up claim centre for customers affected by severe storms
The hub is located in Townsville and is open until 15 February.
Insurance sector to aid in New Zealand climate policy development
The CE said a large portion of NZ-ers live in high-risk areas.
Global reinsurers stable despite LA wildfires – S&P
But primary insurers are expected to withstand the losses.
Parametric insurance market to grow 12% by 2032
AXA and Munich Re are leading the parametric insurance market.
Allianz reveals top business risks for 2025
Natural catastrophes held the third spot in Asia.
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