Climate Risks
Parametric insurance sees 12.6% CAGR through 2034
Parametric insurance sees 12.6% CAGR through 2034
China is expected to be one of the fastest-growing parametric insurance markets.
Aon expands reinsurance work with Moody’s into commercial risk
The products aim to offer more efficient risk transfer and improve casualty protection.
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.
Australian council supports new funding round for disaster mitigation
The fund provides $125.8m (A$200m) annually.
APAC's insured only 5.4% of $74b disaster losses: Aon
APAC was also the second-largest region in terms of economic losses.
Taiwan holds $189b in earthquake insurance liabilities
There were 3.6 million policies in force as of end-December last year.
Only 9.1% of Asia's economic losses insured in 2024
The five-year average for insured losses was $11b.
Insurers alert to higher cyclone, flood risks in Australia
The threat of tropical cyclones remains high in northern Australia.
Climate change drives $600b in insured losses over 20 years
28 leading global insurers saw climate-related losses reach $10.6b.
Insured losses top $100b for fifth consecutive year
Annual insured losses are expected to rise by 5% to 7%.
Zurich and GoImpact offer climate risk tools in APAC
The collaboration provides solutions such as climate risk assessments.
ICA backs Senate's recommendations on climate risk impact on insurance premiums
Insured losses reached $2.19b between 2023 and 2024 due to four extreme weather events.
Gallagher Re launches global tropical cyclone research consortium
Tropical cyclones have caused $710b in insured losses globally since 2000.
Insufficient insurance amplifies banks' climate risk
The lack of coverage raises silent risks in the banking industry, Aon said.
Global insured NatCat losses hit $60b in H1 2024
The US alone experienced 12 severe storms in H1.
Global NatCat drive $61b in insured losses in H1 2024
The region accounted for 6% of the total.
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