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Nat CAT tag returned 355 results

  • Middle East: Active cyclone season in 2018 highlights risks

    The Arab Peninsula last year experienced its most active tropical cyclone season since 1992, according to Willis Re in its report, "Summary of Natural Catastrophe Events 2018 - Insured losses and economic impact due to natural disasters".

    Middle East | 24 Jan 2019
  • Asia: Continued protection gap in the region is a cause of concern

    While the 2018 season registered notable insured Nat CAT losses in Asia, neither frequency nor severity is a surprise as they were within modelling and scientific expectations, according to Willis Re regional director and head of analytics (Asia Pacific) Ms Hui Yen Tai.

    Asia | 24 Jan 2019
  • China: Floods in northern parts cause US$5.7bn economic losses in 2018

    Floods in Northern China between July and November last year rated among significant Nat CAT events in the Asia Pacific last year. The Northern China floods caused economic loss of over $5.7bn, says Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions.

    Asia | 23 Jan 2019
  • Indonesian insurers unlikely to be impacted by Dec tsunami

    The financial soundness of Indonesian insurers is not likely to be affected by the last month's tsunami in the Sunda Strait due to their appropriate catastrophe risk management and strong capital buffers, said Fitch Ratings. The ratings agency believes the industry will be able to absorb the resulting claim losses, which had the greatest impact on the coastal areas of Banten and Lampung, although profitability may be affected.

    AIRPlus | 21 Jan 2019
  • Global: 1 Jan reinsurance renewals muted despite high CAT losses

    The overall impact of catastrophe losses on property rates was muted at the 1 January 2019 reinsurance renewals, but the fourth highest annual catastrophe loss year on record did create questions over pricing adequacy, underwriting strategy and the amount of capital available, says Guy Carpenter, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan.

    Asia | 16 Jan 2019
  • Indonesia: Lethal tsunami leaves insurers' financial health unaffected

    The financial health of insurance companies in Indonesia will not be affected by the 22 December tsunami in the Sunda Strait because of good risk management and strong capital,says Fitch Ratings.

    Asia | 15 Jan 2019
  • Over 200 coal projects blacken Belt and Road Initiative

    China's Belt and Road Initiative (BRI) has the potential to transform economies in more than 70 partner countries; yet it could also tip the world into catastrophic climate change,

    China | 11 Jan 2019
  • Australia/NZ: Nat CAT events cause insured losses of >US$820m Down Under last year

    The total bill for insurers from Sydney's recent destructive hailstorm has exceeded A$673m ($481m), and this number is expected to climb.

    Asia | 11 Jan 2019
  • Global: Extreme storms, wildfires & drought cause heavy CAT losses in 2018

    2018 saw overall Nat CAT losses of $160bn which were above the inflation-adjusted average of $140bn for the last 30 years, says global reinsurance giant Munich Re.

    Asia | 10 Jan 2019
  • Philippines: Govt places parametric insurance policy

    The Philippines has successfully placed on the international market its parametric insurance policy with a maximum cover of PHP20.49bn ($391m) to provide quick liquidity to national and local governments, the Bureau of the Treasury has said.

    Asia | 09 Jan 2019

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