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.
Descartes Underwriting, a global provider of corporate parametric (re)insurance solutions for climate and emerging risks, and Generali Global Corporate & Commercial (GC&C), the business unit of Generali Group providing insurance solutions and services to medium and large companies in more than 180 countries, have renewed their strategic partnership.
Leading global reinsurers, have recorded 19.9% return on equity (ROE) for 1H2026, the second-highest half-year result recorded over the past decade.
Short-duration, high-intensity rainfall events are expected to intensify across Southeast Asia in both frequency and severity amid a warming climate, putting pressure on insurers. This is according to a new study by commercial property insurer FM and the Tropical Marine Science Institute (TMSI) at the National University of Singapore (NUS).
Natural catastrophe insurance premium rates have been revised in Algeria following the issuance of a new decree by the Ministry of Finance, that was published in the Official Gazette.
Insured losses are expected to be modest relative to economic losses with reinsurers expected to absorb a significant portion of the insured losses, says AM Best.
Compulsory earthquake insurance policies for residential property will automatically terminate upon the transfer of title of the sold property, under a new regulation issued by the Turkish Catastrophe Insurance Pool (DASK).
Travel insurance faces mounting exposure as hundreds of foreign tourists are reported missing following a deadly flash flood that swept through villages along the Nepal-China border.
New Zealand's insurance regulator, the Financial Markets Authority (FMA) has published new research addressing significant knowledge gaps within Aotearoa New Zealand's financial system about experiences of local indigenous people with insurances.
Over the past month, Asia has been hit by two Nat CAT events, namely typhoon Dolphin in China, the Philippines and Taiwan, and Japan's 5.9-magnitude earthquake.