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Nat CAT tag returned 863 results

  • Turkey: Anadolu Sigorta adds quake cover to health insurance policies

    One of Turkey's largest insurers, Anadolu Sigorta, has introduced an innovative product that adds earthquake coverage to health insurance at a small premium. The product is the first in the insurance sector.

    Middle East | 25 Nov 2020
  • New Zealand: Insurance claims for Ohau fire reach US$24m

    The Insurance Council of New Zealand yesterday released its preliminary figures for the 4-5 October Ohau fire, with NZ$34.8m ($24.1m) paid for insured losses.

    Asia | 23 Nov 2020
  • Australia: Number of properties rendered uninsurable by weather predicted to nearly double by 2100

    The number of properties rendered uninsurable because of severe weather will almost double to 735,654 by 2100 from the current number of 383,330, according to a report produced for local government by analysis platform Climate Risk Engines.

    Asia | 20 Nov 2020
  • Insurance marketplace sees higher pandemic losses than estimated

    Global insurance losses from the COVID-19 pandemic will be higher this year than the $107bn Lloyd's of London had previously estimated, chairman Bruce Carnegie-Brown said.

    Asia | 19 Nov 2020
  • Nat CAT and regulation amongst top risks for the industry

    There has been an increase in frequency of Nat CAT events in Asia Pacific, according to S&P's latest report on top risks facing the industry.

    AIRPlus | 19 Nov 2020
  • Nat CAT review 2020

    The global modelled insured average annual loss from catastrophes worldwide is nearly $100bn, according to AIR Worldwide's 2020 Global Modeled Catastrophe Losses report. The 1% aggregate exceedance probability insured loss (or the 100-year return period loss) is nearly $301bn.

    AIRPlus | 18 Nov 2020
  • Federal Reserve cites climate as a financial stability risk

    Climate change has been listed as a risk for the first time in the biannual financial stability report of US Federal Reserve. The report released on 9 November 2020 has cautioned about the potential for abrupt changes in asset values in response to a warming planet.

    Asia Risk | 18 Nov 2020
  • Global: Lag between insurers' recognition of ESG risks and action taken to mitigate the risks

    Many insurers and reinsurers recognise that proper understanding and integration of ESG factors is increasingly critical to the long-term viability of their businesses, says AM Best. However, overall, there is a marked lag between recognition of ESG risks and action being taken to mitigate those risks.

    Asia | 18 Nov 2020
  • Japan: 4 major life insurers announce ESG investment commitments

    Four major domestic life insurance companies have announced that they will strengthen their commitments to Environmental, Social and Governance (ESG) investment in the second half of the fiscal year ending 31 March 2021 (FY2020), focusing on how the companies in which they invest address the environment and other issues.

    Asia | 17 Nov 2020
  • Australia: Govt to form national resilience and recovery agency

    The Australian Government has announced that it will commence work to establish the new National Resilience, Relief and Recovery Agency, as part of major reforms to be undertaken in response to the Royal Commission into National Natural Disaster Arrangements.

    Asia | 17 Nov 2020