JBA Risk Management, a flood specialist, has updated its Global Flood Model, introducing enhanced hazard maps, a broad range of future climate event sets and improvements to both processing speed and exposure disaggregation.
Oman's Financial Services Authority (FSA) has verified that the Unified Motor Vehicle Insurance Policy for Comprehensive and Third Party Coverage provides protection for damages resulting from natural disasters, including hail, wadis, storms and cyclones.
As part of its preparations for the upcoming UN Climate Change Conference, COP31, the Turkish Insurance Association (TSB) has held a meeting with the Brazilian Insurance Companies Association (CNseg).
Changing temperatures associated with climate change mean that "the Poles are warming faster than the Tropics", according to FM Research Group Manager, Climate Risk and Resilience Research Dr Julien Oliver.
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.