In recent years, extreme precipitation associated with linear rainbands has triggered large-scale flooding and landslides, leading to more severe and costly loss events in Japan. Events such as the widespread heavy rainfall experienced during Japan's 2023 summer rainy season have demonstrated the significant losses that extreme precipitation can cause.
As the reinsurance market enters the upcoming renewal season against the backdrop of an increasingly interconnected and rapidly changing risk landscape, clients need support in in identifying evolving exposures and risk accumulations through data and analytics, underwriting expertise and tailored solutions to manage this complex environment.
The 26 August flash floods in the country's border with Tibet could result in insured losses of over $130m, according to senior industry officials.
The Thai government has approved a THB15.5bn ($467m) annual programme, to provide government-funded disaster insurance to around 30m households in high-risk areas against floods, storms and earthquakes under a new scheme.
Sompo Japan has entered a partnership with satellite-based intelligence data provider, ICEYE to enhance its response to flood events and support customers affected by natural disasters.
Santam, South Africa's largest general insurer, has recorded a solid performance for the half year ended 30 June 2026, with growth of 10% (June 2025: 10%) in Gross Written Premium (GWP), an 8.1% (June 2025: 11.3%) Underwriting Margin (UWM) and a 6% (June 2025: 16%) rise in Net Earned Premium (NEP).
The Pan-Asia Risk and Insurance Management Association (PARIMA) will host its Singapore Conference 2026, beginning with a one-day Masterclass on 14 October, followed by the conference on 15 October 2026.
A new amendment passed by the New Zealand parliament bars any court from finding any person, including the Crown, liable in tort for climate-change effects arising from greenhouse gas emissions in current and future proceedings.
The Insurance Association of Turkiye (TSB) says that insurance can move beyond its traditional role as a post-loss mechanism and become an integral part of climate-risk reduction, resilience financing and investment.
A super El Nino event is expected this autumn and winter, based on the comprehensive marine monitoring, atmospheric circulation and multi-model forecast results from the National Marine Environmental Forecasting Centre. The possibility that the impact of this year's El Nino may surpass that of the historical super El Nino of 1998 cannot be ruled out.