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Nat CAT tag returned 191 results

  • Gap between insured and economic NatCAT losses in Asia lowest since 2012

    SwissRe sigma reported that 2017 saw the highest insured losses in a single year, mainly due to the combined hits of hurricanes Harvey, Irma and Maria. However, the typically embattled Asian region saw a respite in 2017, with economic and insured losses substantially lower than the 2000-2016 norms and the lowest since 2009 (economic) and 2012 (insured).

    AIRPlus | 18 Apr 2018
  • Yangtse floods are most costly disaster event in Asia in 2017

    Heavy rains in China last year caused the Yangtze River to flood, with pluvial and river flooding across 11 provinces inundating more than over 400 000 homes.

    China | 13 Apr 2018
  • New Zealand: Risk-based pricing for Nat CAT to be trend

    Tower Insurance has started pricing premiums according to the risk exposure of a property to earthquakes, a move expected to be a catalyst for an industry-wide change in quake insurance pricing.

    Asia | 05 Apr 2018
  • Australia: Cyclone Debbie's insured losses hit US$1.3 bln

    Cyclone Debbie is officially Australia's second most damaging cyclone, costing insurers more than A$1.71 billion (US$1.32 billion) in losses from Townsville in Queensland's north to Lismore in New South Wales.

    Asia | 26 Mar 2018
  • ASEAN: Free portal allows sharing of Nat CAT management info

    The ASEAN Insurance Council (AIC) has established CARMA (Catastrophe and Risk Management in ASEAN), a non-profit media portal for sharing awareness about catastrophe and disaster risk management information in ASEAN.

    Asia | 22 Mar 2018
  • New Zealand: Govt agency to raise quake cover by 50%

    A proposed revision to the Earthquake Commission (EQC) Act will see the liability cap for residential buildings increase from NZ$100,000 (US$72,000) to NZ$150,000, plus GST, said the Minister Responsible for EQC, Megan Woods, yesterday.

    Asia | 21 Mar 2018
  • Singapore: MAS to work with insurers to promote sustainability teams

    The MAS intends to work with insurers to anchor sustainability specialist teams in Singapore to undertake sustainability strategy development, risk screenings, environmental underwriting and product development, Mr Daniel Wang, MAS Executive Director, has said.

    Asia | 19 Mar 2018
  • India: Weather-based insurance to be available to tea growers nationwide

    Small tea growers, contributing near half of the national yield, are going to have insurance coverage against loss incurred due to adverse weather conditions, protection which they have been demanding for more than a decade.

    Asia | 16 Mar 2018
  • Iran: Insurers have paid more than half of Nov 2017 earthquake claims

    Iran's insurance industry has so far paid out about IRR1.1 trillion (US$24.55 million) in claims resulting from the 7.2 magnitude earthquake that shook the western province of Kermanshah and killed more than 500 people last November, the head of the Central Insurance of Iran has said.

    Middle East | 13 Mar 2018
  • The path to sustainability

    "Every single one of you here have to make important business decisions every day," said Ms Claudia Salem, CEO of AIG Singapore. "And most of these decisions have environmental, social and governance considerations, and most of these considerations have ethical and sustainability implications."

    AIRPlus | 05 Mar 2018

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