As of 5 PM on April 13, insurance companies in Beijing had processed a total of 1,278 claims related to wind damage, with an estimated loss amount of CNY13.44m ($1.87m). A total of 268 claims have already been paid out.
In a major step toward global collaboration on disaster risk finance, four Regional Risk Pools convened in Frankfurt in April 2025 for a CEO Summit hosted by Frankfurt School of Finance & Management, to put shared commitments into action - backed by a new EUR 4.7m ($5.3m) grant supporting joint solutions, capacity building and knowledge-sharing across continents.
Aon published its Q1 Global Catastrophe Recap - April 2025 yesterday, which analyzed the natural disaster events that occurred worldwide during the first quarter of the year.
The International Association of Insurance Supervisors (IAIS) published its Application Paper on the supervision of climate-related risks in the insurance sector, following four consultations and extensive member and stakeholder engagement.
China and India are shifting towards meeting their growing electricity needs with clean energy. These are the two countries at the forefront of the drive to clean power and will help tip the balance towards a decline in fossil generation at a global level, according to the sixth annual "Global Electricity Review" published earlier this month by Ember, a UK-based global energy think tank.
Some insurers in Myanmar have temporarily stopped selling new disaster insurance policies. This is a consequence of the powerful earthquake that hit the country on 28 March this year.
Nigeria's National Emergency Management Agency (NEMA) has sounded the necessity to explore risk financing options that will guarantee early recovery from disasters and business continuity.
The adoption of shariah parametric weather index insurance remains in its early stages in Indonesia when compared to traditional takaful and conventional parametric insurance models, Zurich General Takaful Indonesia (Zurich Syariah) president director Hilman Simanjuntak has said.
There is an 80% probability of a magnitude 8 to 9 earthquake along a tremulous seabed zone known as the Nankai Trough, according to a report issued by the Japanese government.
Insurance losses from ex-tropical cyclone Alfred and February's North Queensland floods have exceeded A$1.2bn ($73.5m) according to data released by the Insurance Council of Australia (ICA).