A potential risk facing Australia is the reoccurrence of El Nino in August, which has an 80% probability of taking place.
The Insurance Council of Australia (ICA) has urged the federal parliamentary inquiry into local government funding and fiscal sustainability to increase support for local councils to strengthen flood defences amid more frequent extreme weather events.
Economic losses from natural disasters in APAC reached at least $76bn in 2025, driven largely by the devastating Myanmar earthquake, widespread flooding in China and South and southeast Asia, and a series of high-impact cyclones.
New Zealand has experienced a record 46 storms over the past 12 months, leading to an exponential increase in insurance claims, according to data from IAG New Zealand.
Australian Reinsurance Pool Corporation (ARPC) has announced that its Chief Underwriting Officer, Mr Michael Pennell, will retire later this year following a distinguished career in reinsurance and more than two decades of service to ARPC and the Australian community.
Gallagher Re's latest Natural Catastrophe and Climate Report reveals that the total Q1 insured losses worldwide was $20bn.
Extreme weather generated A$4.8bn (US$3.4bn) in insured losses in 2025, up 727% on the previous year, with more than A$4.1bn of that coming from Queensland alone.
PERILS has disclosed its second industry loss estimate for the Victoria Bushfires, which occurred between 7 and 13 January 2026.
Cash Assurances and the National Savings and Provident Fund-Bank (CNEP-Banque) are strengthening their strategic partnership by expanding the marketing of their Nat CAT and multi-risk home insurance products nationwide, following a pilot scheme.
Kenya Reinsurance Corporation (Kenya Re) has proposed the establishment of a national flood risk insurance pool under a public-private partnership model, the reinsurer's Managing Director, Dr Hillary Wachinga, has said.