Over the past 25 years since the establishment of Allianz Reinsurance in Asia Pacific, the reinsurer has ...
New Zealand: Review of earthquake-prone buildings brought forward
The government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four...
The government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four...
Article / 6 days ago
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 / 7 days 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 / 21 days ago
New Zealand: Most home buyers now consider Nat CAT risks when buying property
Nine in 10 homebuyers are now considering natural hazard risk when deciding on a property, according to a new EQC Toka Tu Ake NeilsenIQ report....
Nine in 10 homebuyers are now considering natural hazard risk when deciding on a property, according to a new EQC Toka Tu Ake NeilsenIQ report....
Article / 24 days ago
Australia: Fall in group insurance coverage attributed to legislative changes
There has been a sharp decline in the number of Australians covered by group insurance through superannuation, according to a research report...
There has been a sharp decline in the number of Australians covered by group insurance through superannuation, according to a research report...
Article / 1 month ago
Australia: Govt aims to standardise more Nat CAT definitions
The Treasury has started a consultation exercise on standardising natural hazard definitions and reviewing standard cover for insurance contracts, says assistant treasurer and minister for financial services Stephen Jones
The Treasury has started a consultation exercise on standardising natural hazard definitions and reviewing standard cover for insurance contracts, says assistant treasurer and minister for financial services Stephen Jones
Article / 1 month ago
Pacific: Property rates stay flat in 4Q2023, for first time in 26 quarters
Composite insurance rates in the Pacific region (of which Australia is the biggest market) were flat in the fourth quarter of 2023, according to Marsh's 4Q2023...
Composite insurance rates in the Pacific region (of which Australia is the biggest market) were flat in the fourth quarter of 2023, according to Marsh's 4Q2023...
Article / 3 months 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
Hong Kong: Nat CAT overtakes pandemic as territory's top risk
With the COVID-19 pandemic-related restrictions lifted a year ago, 'pandemic outbreak' has been removed as the top risk in Hong Kong in 2024, according to...
With the COVID-19 pandemic-related restrictions lifted a year ago, 'pandemic outbreak' has been removed as the top risk in Hong Kong in 2024, according to...
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