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Nat CAT tag returned 260 results

  • Asia: Southeast Asia's economies at risk from rising temperatures

    Southeast Asia, together with Africa, is expected to bear the economic brunt of rising temperatures over the next 30 years, as intensifying levels of heat stress are projected to impede worker productivity and hit export revenues, says a new report from Verisk Maplecroft.

    Asia Risk | 15 Aug 2018
  • New Zealand: More insurers could adopt a fully risk-based approach in pricing

    Tower has become the first New Zealand company to take a fully risk based approach to pricing policies for Nat CAT.

    Asia | 15 Aug 2018
  • Indonesia: Lombok quake causes economic losses of at least US$340m

    The death toll from the magnitude 6.9 earthquake that rocked the Indonesian island of Lombok on 5 August has passed 400 and the government is estimating economic losses of at least several hundred million dollars.

    Asia | 14 Aug 2018
  • Japan: Major insurer incurs gross losses of US$595m from July floods

    Japanese insurance giant MS&AD has posted incurred expected gross losses of JPY66bn ($595m) from the destructive floods that struck the southwestern part of the country last month.

    Asia | 13 Aug 2018
  • Oman: Insured losses from Mekunu exceed US$280m

    Insured losses from Cyclone Mekunu, which hit Oman in May 2018, have reached OMR108m ($281m), according to new data from the Capital Market Authority (CMA).

    Middle East | 12 Aug 2018
  • Ratings agencies split on reinsurance outlook

    The major ratings agencies have a split outlook on the reinsurance sector which is under pressure following large CAT losses last year.

    AIRPlus | 09 Aug 2018
  • Global: 2017 one of the warmest years ever

    2017 was the third-warmest year on record for the globe, behind 2016 (first) and 2015, according to the 28th State of the Climate report released last week.

    Asia Risk | 08 Aug 2018
  • Indonesia: Green financing gets leg up via IFC's Bank OCBC NISP investment

    The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has committed $150m in a green bond issued by Indonesia PT. Bank OCBC NISP Tbk (Bank OCBC NISP). This is the first ever green bond issued by a commercial bank in Indonesia, delivering a new source of green financing to combat climate change, announced the IFC in a statement last week.

    Asia Risk | 08 Aug 2018
  • Overall CAT losses of $33bn in 1H2018 a welcome relief

    Total economic losses from global natural disasters in the first half of this year amounted to $33bn, which was significantly below the $65bn recorded in 1H2017 and the 30-year average of $68.3bn. Meanwhile, global insured losses from 1H2018 came in at $17bn, compared to $25.5bn in the same period last year, and the 30-year average of $17.5bn.

    AIRPlus | 02 Aug 2018
  • Japan: Government to launch new disaster prediction system in FY2020

    The Japanese government plans to launch a new disaster prediction system in FY2020 to enable local authorities to prepare residents effectively for impending Nat CATs. This system will tap data from both satellites and the ground, reported the Yomiuri Shimbun.

    Asia Risk | 01 Aug 2018

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