The Insurance Development Forum (IDF) has launched a $9.25m macroinsurance policy for Syria that will trigger a payout in the event of a drought in strategic food production areas, designed to support the World Food Programme's (WFP) operations in one of the world's most vulnerable regions.
Climate risk "is systematic, with global effects", according to Ortec Finance investment solutions director Saiyan Raja.
Hwasun County (Governor Gu Bok-gyu) has announced the renewal and implementation of the '2025 County Citizens' Life Safety Insurance,' aimed at assisting residents who have been affected by disasters and safety accidents.
New research from the New Zealand Infrastructure Commission Te Waihanga has revealed how insurance can help the country to manage natural hazard risks and how to prepare infrastructure for a changing climate.
Insurers in Australia received more than 3,950 storm and flood claims till early February 2025. These claims are related to recent severe weather and flooding event in north Queensland, which was declared a Significant Event by the Insurance Council of Australia (ICA) on 2 February 2025.
Climate risks, disruptive technology and geopolitical instability are the top emerging risks according to an annual survey of risk managers. The new survey has been jointly published by the Casualty Actuarial Society and the Society of Actuaries.
The Actuaries Institute has identified key priorities to strengthen economic resilience and social equity, calling out five key areas for the federal government to consider in its 2025-2026 Budget.
The Insurance Council of Australia (ICA) has declared the North Queensland storm and flooding over the past few days as a 'significant event.'
The Insurance Bureau (Diwan), the insurance regulatory body in Iraq, announced the implementation of the pilot project for climate risk insurance, which is the first of its kind in Iraq and the region.
Chubb has reported a Q42024 net income of $2.58bn, a reduction of 22% from $3.30bn compared to the same period last year, as pre-tax catastrophe losses doubled.