The Insurance Council of Australia (ICA) has urged households to prepare their homes and review their insurance coverage ahead of the severe weather season, warning that the declaration of El Niño does not guarantee a dry summer. The Bureau of Meteorology has declared the climate phenomenon, which has historically been associated with drier conditions in eastern Australia. However, the country is on track for its wettest El Niño year on record, with widespread storms affecting parts of Queensland and the Northern Territory in October.
Typhoon Champi has resulted in estimated agricultural insurance payouts of NT$81m ($2.49m), with five weather-index insurance policies meeting the criteria for claims. Taiwan's Ministry of Agriculture has urged insurers to simplify claims procedures, proactively calculate and notify affected farmers of payouts, and expedite payments to help them recover from losses caused by the typhoon.
The Agro Insurance Consortium (AIC), a coalition of 14 insurance companies, is developing a unified climate-risk intelligence platform under the Uganda Agriculture Insurance Scheme (UAIS).
Insurers in Australia and Japan have the greatest exposure to weather-related losses among major APAC markets, while solid capital buffers and adaptive underwriting will help mitigate rising risks.
Australia's Cyclone Reinsurance Pool has passed A$1bn ($702m) in claims paid since commencing operations in 2022, as the Australian Reinsurance Pool Corporation (ARPC) today released its 2025-26 Annual Report.
The Insurance Council of New Zealand (ICNZ) has released a statement, calling on the next government to prioritise climate adaptation, resilience and long-term funding to reduce the country's exposure to natural hazards.
The Pan-Asia Risk and Insurance Management Association (PARIMA) successfully concluded its Singapore Conference 2026, welcoming nearly 500 attendees from across APAC for two days of learning, dialogue and industry collaboration.
Direct losses from natural catastrophic events in China in the first nine months of 2026 touched CNY199.4bn ($29.9bn), according to China's Ministry of Emergency Management. The losses were down by 8% from CNY217.65bn in the same period in 2025.
Insurance companies have set aside nearly TRY2bn ($38m) to compensate claims arising from the heavy rainfall and flooding earlier this month that affected Istanbul and five other provinces, according to data from the Insurance Association of Turkiye (TSB).
Australian insurers have called for flood planning rules to be mandatory rather than discretionary. The Insurance Council of Australia (ICA) has said that mandatory rules will bring greater consistency, accountability and transparency to how flood risk is managed across the state of Victoria.