Southeast Asia may soon have an insurance programme for rebuilding damaged infrastructure following natural catastrophes.
The number of claims in Thailand arising from a powerful magnitude-8.2 earthquake that struck central Myanmar earlier this year was higher than expected, according to Swiss Re vice president and team lead, client underwriting, Mr Oh Tian Yu.
The Australian insurer Insurance Australia Group (IAG) has released the third edition of its Severe Weather in a Changing Climate report, developed in partnership with the U.S. National Science Foundation's National Center for Atmospheric Research.
South Asia and Southeast Asia contributed more than half of the global deaths attributed to high temperature. In 2021, South Asia recorded 209,537 deaths and Southeast Asia recorded 32,230 deaths due to high temperatures.
With the theme 'Unlocking Reinsurance', and titled 'Opportunities in a Changing Climate: Building Catastrophe Resilience in Thailand', the Thailand Reinsurance Conference 2025 opened with welcome remarks from Thai General Insurance Association president Somporn Suebthawilkul.
Reasuransi MAIPARK Indonesia (MAIPARK) noted that the majority of residential homes in Indonesia are uninsured, according to Strategic Planning & Risk Management Group Head of PT Reasuransi MAIPARK Indonesia, Mr Ruben Damanik.
UK-based flood science specialist JBA Risk Management will open its first office in India in November 2025.
The first earthquake stress test in Turkiye has estimated that the financial impact of a potential Marmara earthquake would reach $21bn at the current exchange rate, borne by the insurance sector alone, excluding the Turkish Catastrophe Insurance Pool (TCIP).
The Insurance Council of New Zealand Te Kahui Inihua o Aotearoa (ICNZ) has welcomed the Government's National Adaptation Framework as an important and necessary first step towards building New Zealand's climate resilience and keeping insurance accessible.
South Korean parliamentarians are expected to seek responses about high premiums for flood and windstorm insurance policies from some of the leading non-life insurers according to a report in The Korean Times.