The Australian Prudential Regulation Authority (APRA) latest Insurance Climate Vulnerability Assessment (ICVA), has revealed that extreme climate events could affect home insurance affordability and the insurance protection gap over coming decades.
Perils, including wildfires, severe convective storms (SCS) and floods, accounted for a record 92% of global insured natural catastrophe losses in 2025, which stood at $107bn. This is according to a study by global reinsurance giant Swiss Re. Major losses include $40bn from the LA wildfires and $51bn from SCS.
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has released its fourth and final industry loss estimate for Cyclone Alfred that indicated that the event has cost the insurance industry a total of A$1,877m ($1,333m).
As extreme weather events intensify, insurers face interconnected pressures, including how to price physical risk more accurately, manage growing volatility and capture emerging demand for resilience-related services, says a report released by MSCI Institute, an organisation that promotes knowledge that tackles systemic challenges to create long-term value through global capital markets.
Insurance-linked securities (ILS) capacity continues to reach record levels, according to the latest report by AM Best. The ILS market has grown from niche to established with returning sponsors/cedants. Investors' understanding and confidence in the market has grown.
Japanese insurance group, Tokio Marine & Nichido Fire Insurance will sponsor a $100m catastrophe band to provide collateral earthquake reinsurance protection.
Australians are divided over who should pay for insurance premiums that are surging as a result of climate change, according to a new survey report by Charles Stuart University of Australia.
Zurich-based catastrophe insurance data provider PERILS has reported that the Victoria bushfires, which struck south-eastern Australia from 7 to 13 January 2026, led to insurance losses of A$786m (US$559m).
The National Agricultural Mutual Fund (CNMA) has developed a new insurance scheme for agricultural activity, dedicated to covering major risks related to climate change, mainly drought, said CNMA Director General Cherif Benhabiles, specifying that this programme is designed to cover, in its first phase, the cereal sector.
Persistent cyber threats, supply chain disruptions and weather and natural disasters are the top three risks for Japanese businesses, according to Aon 's 2025 Global Risk Management survey.