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Nat CAT tag returned 265 results

  • $3 billion and counting

    The floods that have devastated the South Indian state of Kerala will be among the costliest in terms of economic losses. Current estimates peg the losses at $3bn but is set to cross the $5bn mark, considering that the calamity is widespread and actual damages are yet to be assessed across the state. We look at the factors behind this unprecedented natural calamity and how the insurance industry can deal with such events in the future.

    AIRPlus | 20 Aug 2018
  • India: Insurers stare at massive losses from Kerala floods

    The general insurance industry is likely to receive claims of millions of dollars after record rains caused massive flooding in the south Indian state of Kerala.

    Asia | 20 Aug 2018
  • World: Catastrophes cause global economic losses of US$36bn in 1H

    Global economic losses from natural catastrophes and man-made disasters in the first half of 2018 stood at $36bn, according to Swiss Re Institute's preliminary sigma estimates.

    Asia | 17 Aug 2018
  • Australia: QBE partners Jupiter to handle climate risk

    Australia's largest global insurer QBE Insurance Group yesterday announced its partnership with Jupiter, an emerging leader in predicting and managing climate risk.

    Asia | 17 Aug 2018
  • Insurers beware, extreme weather is the new normal

    Extreme weather conditions resulting in severe drought and rainfall are the new normal and insurers will need quickly to factor in this risk to their products and come out with new products that will cover the risks arising from extreme climatic conditions.

    AIRPlus | 16 Aug 2018
  • 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

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