Over the past 25 years since the establishment of Allianz Reinsurance in Asia Pacific, the reinsurer has ...
Taiwan: 3 April quake results so far in claims totalling at least US$23.5m
The 3 April magnitude-7.2 Hualien earthquake has led to at least 472 insurance claims and resulted in losses amounting to at least NT$762m ($23.5m) as...
The 3 April magnitude-7.2 Hualien earthquake has led to at least 472 insurance claims and resulted in losses amounting to at least NT$762m ($23.5m) as...
Article / 1 day ago
Taiwan: Residential earthquake insurance coverage in quake-hit Hualien stands at only 30%
Taiwan's biggest earthquake in at least 25 years killed nine people yesterday and injured more than 1,000. Scores of people are missing as a result of the...
Taiwan's biggest earthquake in at least 25 years killed nine people yesterday and injured more than 1,000. Scores of people are missing as a result of the...
Article / 15 days ago
Baltimore bridge collapse could become biggest single marine insurance loss ever -- Lloyd's chairman
The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson...
The collapse of Baltimore's Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson...
Article / 21 days ago
China accounts for around 50% of flood-related economic losses in Asia Pacific
China accounted for about half of the economic losses in the Asia Pacific related to flooding in 2023, with economic losses of more than $32bn and insured losses of $1.4bn.
China accounted for about half of the economic losses in the Asia Pacific related to flooding in 2023, with economic losses of more than $32bn and insured losses of $1.4bn.
Article / 3 months ago
Typhoon Doksuri is costliest disaster
According to Munich Re's Nat CAT 2023 report, overall losses in APAC in 2023 were $50bn, of which $7bn was insured. There were 11,900 fatalities....
According to Munich Re's Nat CAT 2023 report, overall losses in APAC in 2023 were $50bn, of which $7bn was insured. There were 11,900 fatalities....
Article / 3 months ago
Asia-Pacific and Africa: One-eighth of disaster losses in the region in 2023 are insured
Losses from natural disasters in the Asia-Pacific and Africa region totalled $64bn in 2023, slightly lower than the $66bn seen in the previous year, says reinsurance...
Losses from natural disasters in the Asia-Pacific and Africa region totalled $64bn in 2023, slightly lower than the $66bn seen in the previous year, says reinsurance...
Article / 3 months ago
Gansu Province earthquake generates insured losses of over US$2.7m
The estimated insurance loss arising from the 6.2-magnitude earthquake in Jishishan in Gansu Province stood at around CNY19.43m ($2.72m) as at 4pm...
The estimated insurance loss arising from the 6.2-magnitude earthquake in Jishishan in Gansu Province stood at around CNY19.43m ($2.72m) as at 4pm...
Article / 4 months ago
New Zealand: Insurers settle 87% Gabrielle and Auckland Anniversary claims
Insurers have settled 87% of all private insurance claims from the Auckland Anniversary weekend and Cyclone Gabrielle weather events....
Insurers have settled 87% of all private insurance claims from the Auckland Anniversary weekend and Cyclone Gabrielle weather events....
Article / 4 months ago
Hong Kong: Gross claims from 2 extreme weather events reach US$234m
The Insurance Authority (IA) yesterday released claims statistics in relation to the two extreme weather events in early September 2023 - Typhoon Saola and a black rainstorm...
The Insurance Authority (IA) yesterday released claims statistics in relation to the two extreme weather events in early September 2023 - Typhoon Saola and a black rainstorm...
Article / 5 months ago
Preparing for catastrophe
Natural disasters are rising, and catastrophe losses are following suit, rising at a rate of between 5% and 7% since 1992. This is a global issue, but insurers in Asia must be particularly alive to the threat,...
Natural disasters are rising, and catastrophe losses are following suit, rising at a rate of between 5% and 7% since 1992. This is a global issue, but insurers in Asia must be particularly alive to the threat,...
Article / 7 months ago