Climate Risks
Insurers alert to higher cyclone, flood risks in Australia
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.
IAG caps natural perils costs at $1.3b
It also said it is on track to report FY24 profit and margin at the upper end of the guidance ranges.
Climate insurtech seals deal to offer parametric insurance in Asia
Extreme weather events cost global agriculture $10b to $15b annually.
Insurance pivotal in risk resilience enhancement: Marsh
“There is No Planet B” author urged the sector to factor in risks of ongoing polycrisis.
Climate change impacts wind turbine infrastructure, insurers advised
A 10% decline in wind speed can result in over a 30% reduction in output.
Malayan Insurance upgrades catastrophe risk analytics with Moody's modeller
The insurer said it aims to gain a comprehensive understanding of risks across regions and perils.
ASEAN forms reinsurance committee to tackle climate risks
The insurance industry’s snail pace in providing capacity for RE projects, the committee aims to jumpstart the progress.
Geneva Association calls for collaboration to address climate-related health risks
The report highlights the potential long-term consequences on health and life insurance as climate events become more severe and frequent.
What can blindside Australia’s growing general insurance industry
Natural catastrophe may hinder the potential CAGR of 6.4% through 2025, analysts warned.
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